BlackRock renames ‘impact’ funds to ‘ESG’ following criticism

“Positive societal impact” will become “systematic ESG methodology” in marketing, promises giant as it launches SDG fund

BlackRock plans to rebrand three impact investment funds with exposure to tobacco and oil, as it launches its first impact investment fund advancing the UN SDGs. 

The move follows criticism of the funds for holding stock such as Chevron and British American Tobacco. 

In a note publ…

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