BlackRock acknowledges risks in ESG ventures amid growing scrutiny

In its annual report to the Securities and Exchange Commission, BlackRock, a prominent financial services firm, has highlighted potential risks associated with its environmentally-focused investment endeavors, known as Environmental, Social, and Governance (ESG) investments. 

While recognizing the increasing popularity of ESG investments, BlackRock is cautious about the attention it may draw, potentially leading to reputational and financial challenges.