
Good morning. Peter Vanham here, filling in for Alan.
What do an environmentally-minded activist investor and an anti-ESG activist investor have in common? More than you would think, if Bluebell and Strive are examples to go by.
Both firms made headlines this week. London-based Bluebell demanded several governance changes at BlackRock, including a replacement of CEO Larry Fink. It said the company’s inconsistent messaging over ESG hurt its reputation—and its investors. It wants a new CEO to ensure Blackrock’s environmental and social stewardship is about actions, not words.