Terrence Keeley is a long-time ESG practitioner who until recently headed the official institutions group in the world’s largest asset manager BlackRock advising sovereign wealth funds, central banks, finance ministries, and public pension funds. He claimed in 2022 that “ESG investing could well be the biggest thing in finance since the Dutch East India company issued shares in 1602…ESG’s success or failure could literally impact every living creature on Earth.”
Mr. Keeley’s boss, Larry Fink, chief executive of BlackRock, was equally hyperbolic in his annual letter to CEOs in early 2020:
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