You don’t have to be ‘woke’ for ESG – but it helps

Rachel Robasciotti talks about intentionality in the ESG world and whether idealism is necessary

Larry Fink’s annual letter to CEOs this year caused a stir with his assertion that while BlackRock partakes in sustainability and social justice work, it is neither an environmentalist nor is it “woke.”

Rachel Robasciotti, founder and CEO of Adasina Social Capital, breaks down action versus intention in the ESG world and whether investors should be idealists.

Robasciotti, who faced financial insecurity growing up in a segregated town, moved on to study economics at the University of California, Berkeley. Before founding her own firm, Robasciotti & Philipson, in 2004, she worked for large companies, where she learned what she wanted to do differently in the financial services business.