Do you have to be ‘woke’ to be an ESG investor? Episode 38
Larry Fink’s annual letter to CEOs caused a stir this year with his assertion that while BlackRock partakes in sustainability and social justice work, it is neither an environmentalist nor is it “woke.” This episode focuses on intention vs. action in the ESG movement and whether it’s important to be an idealist to successfully execute these practices. Rachel Robasciotti, founder and CEO of Adasina Social Capital, joins Steve to discuss these points and more. Do you have to be woke to invest in ESG? The answer might surprise you.
LARRY FINK’S 2022 LETTER TO CEOS
Adasina’s Racial Justice Impact Dataset
Social Justice Partners on Adasina Website
Adasina Newsletter Sign-Up or text JUSTICE to 55-444
Related Article: BlackRock navigates a divided America
Related Article: BlackRock CEO Larry Fink says stakeholder capitalism is not ‘woke’
Guest Bio:
Rachel J. Robasciotti grew up poor, raised by a single Black mother who struggled for financial security in a rural town that was still largely segregated. She graduated from high school at age 15 and ultimately attended the University of California, Berkeley where she studied economics. After working at large financial firms, learning what they do well and what she wanted to do differently, in 2004 at the age of 25, she founded Robasciotti & Philipson – a firm dedicated to transforming wealth into a tool that supports the well-being of people and the planet. In 2018, Rachel launched the firm’s Social Justice Investing strategy which would become Adasina Social Capital. This strategy has positioned her as a leader in the financial industry for integrating issues of racial, gender, economic, and climate justice into investment portfolios.
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