What is the endgame of Blackrock, Statestreet pushing ESG? If they cant get the money back from devs?
Non shitpost answer, it's a value added product for iShares ETFs, the actual money comes from cleaning up and greenwashing investments in petrochemical companies
ESG is just the post 2015 name for European Union corporate responsibility reporting, all public companies have to do it, it's realignment with UN targets etc. etc. Blackrock just tried to position themselves as the definitive asset manager for "ESG focused" investing.
The Environmental part is far, far more weighed than the S of Social, and even for the latter the meme "DEI" is a subbranch of a subbranch, BlackRock sells "conscious capitalism" nonsense to take money from institutional investors and shove it on ExxonMobil and BP and Northrop Grumman while pretending they're helping society.
This doesn't apply to Warhorse anyway since they're privately held, they're subject to Embracer pressure, if any.
Edit on edit and vaguely related, the above EU requirements DO apply to CDPR since they're a public EU company, and the same online demographic that shitposts Vavra for "abandoning the cause" loves shitposting and misinfo about CDPR selling out to the ESG and such. But for anyone actually experienced in the field that goes and reads their public and open reports, they're nothingburgers supreme, and management openly gives no fucks aside from legal requirements.