ESG Has Become Highly Politicized: Meier

The video discusses the current state of ESG (Environmental, Social, and Governance) investing, highlighting BlackRock's reduced support for ESG initiatives. Stephen Meyer, CIO of the New York City Retirement System, explains how this shift impacts their investments, emphasizing the importance of active ownership and proxy voting. The discussion covers the challenges of ESG, particularly its politicization, and the need for transparency and accountability in environmental commitments. Meyer also addresses the diverse views on ESG among different pension plans and the role of ESG in risk management and long-term value creation.

What is the perspective of Stephen Meyer regarding the impact of BlackRock's shift on their investments?

How does the speaker define the relationship between passive management and active ownership?

What are the main focuses of the shareholder proposals mentioned in the text?

What does the speaker mean by saying that ESG is a matter of risk mitigation?

What is the significance of the dialogue associated with shareholder proposals according to the speaker?

How do the five pension plans managed by the speaker differ in their views on ESG?

What challenges does the speaker identify regarding the move toward zero carbon emissions?