BlackRock CEO Larry Fink moves away from using the term ESG.

BlackRock CEO Larry Fink has announced that he will no longer use the term "ESG" due to its politicization and misuse by both the far left and the far right. Fink has been a vocal advocate for responsible environmental, social, and governance practices in investing, but his stance has earned criticism from both sides of the ideological spectrum. Shareholders have also pushed back against ESG proposals, with a record number of anti-ESG resolutions being proposed this year.