New York CNN —Environmental, social and corporate governance, or ESG, investing is on a downward spiral.
But in 2022, the pace of inflows quickly eased as a confluence of political, geopolitical and market events severely damaged interest in ESG investing.
ESG investing took off and became a buzzword — the “artificial intelligence of six years ago,” said Jenkins.
Alphabet reported revenue of $74.6 billion, marking a 7% jump compared to last year and beating Wall Street’s estimates.
Banc of California reported a much smaller decline in net income of $2.4 million last quarter.
Persons:
ESG, Larry Fink, ”, Robert Jenkins, Jenkins, “, ” Jenkins, he’s, What’s, Clare Duffy, Catherine Thorbecke, Wall, ” Thomas Monteiro, —, Elisabeth Buchwald, Jared Wolff, Wolff, PacWest
Organizations:
CNN Business, Bell, New York CNN, BlackRock, CNN, Lipper, Pleiades Strategy, Google, Microsoft, Wall, Bancorp, Western Bank, Beverly, Santa, Bank
Locations:
New York, YOLO, Ukraine, Banc, California, Santa Ana, United States