Barrick Gold's CEO lashes out against new-found ESG focus

Barrick Gold CEO Mark Bristow has criticised the fund management industry and what he calls a new-found refusal to invest in businesses that do not have satisfactory environmental, social and governance criteria. Speaking at a major mining event in Cape Town, Bristow asked why some of the most profit-hungry asset managers were refusing to invest in businesses that did not meet ESG criteria. "Even late capitalism's supposedly unvarnished practitioners have suddenly discovered the merits of a social conscience and are now saying they won't invest in a business that doesn't have a satisf...