Tariq Fancy: sceptical sustainable investor

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In 2019, Tariq Fancy quit as BlackRock’s most senior sustainability investor.

In 2021, he released a rather long, three-part essay explaining his disillusionment with the concept of stakeholder capitalism and the ESG investment industry that has grown up alongside it.

In this private chat, he explains why sustainable investment is ineffective and what the alternatives could be.

We also discuss his work with Rumie, a charity he founded to expand access to education across North America and which is currently very busy in Afghanistan addressing the plight of particularly girls and women in the aftermath of 2021’s military withdrawal.