It may not be readily apparent how a fund incorporates ESG factors into its strategy. Take the BlackRock U.S. Carbon Transition Readiness ETF, which attracted $1.25 billion of investor dollars when it launched in mid April. “The people who invested in that fund thought they were addressing climate risk,” says Andrew Behar, CEO of shareholder advocacy nonprofit As You Sow. “Instead they got business as usual,” he says, including energy and fossil fuel giants. Read More →