Summa & Friends
Ep #06: Calling Out Greenwashing in Leading Investment Firms
They say be the change you want to see in the world. And one year ago, Tariq Fancy, a former Wall Street investor turned nonprofit founder, wrote an essay sharing how he had gone from evangelizing sustainable investing for the world's largest investment firm, BlackRock, to actually criticizing sustainable investing as a dangerous placebo that harms the public interest.
In doing so, he challenged business leaders to prove him wrong.
In this episode of Summa & Friends, Tariq, the CEO of Rumie Initiative, an education tech company using innovative mobile based micro learning to bring free digital learning and to close learning gaps, explains why he did this. He shares why he sounded the alarm. What reactions he got from those in the investment community. And what impact his manifesto actually made.
So, if you’re curious how we might reform capitalism to address important environmental and social challenges with concrete action, download and listen today.
On today’s podcast:
- Calling investment firms’ bluff on ESG efforts
- The need for government regulation
- Sparking the debate and rocking the boat
- Difference between ESG and impact
- Changing the narrative