Lib and let die posted:

I've said this hundreds and hundreds of times across various channels of communication, and I'm going to say it again:

Corporate Social Responsibility is a sham. Its only purpose is to provide the private entities responsible for both economic and social inequity a seemingly-legitimate platform from which to conduct their own PR greenwashing campaigns while paying themselves back through tax credits driven by the nonprofit-industrial complex.

I typically use Deloitte as an example when discussing CSR, but since BlackRock is in the news for this particular clip, I'll try and whip up some data from publicly available sources on the fly.

First, let's start with the publicly reported data from BlackRock's political PAC Blackrock Fund Services Group: https://www.opensecrets.org/political-action-committees-pacs/blackrock-funds-services-group/C00479246/summary/2020

So, with our data in hand, we can start to break down the notion that Blackrock is a "socially responsible" company by way of their push to create more diverse workforces. Flip on over to the "Candidate Recipients" tab and start googling some names.

Kevin Brady, R-Texas received $10,000 in the 2020 election cycle.

In 2022, Mr. Brady voted against the Ensuring Access to Abortion Act of 2022.
In 2021, Mr. Brady voted against the Women's Health Protection Act of 2021.
In 2017, Mr. Brady voted in favor of the Pain-Capable Unborn Child Protection Act (again).
In 2016, Mr. Brady voted in favor of the Conscience Protection Act of 2016.
In 2015, Mr. Brady co-sponsored the Born-Alive Abortion Survivors Protection Act.
In 2015, Mr. Brady voted in favor of the No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2015.

I think you get the point.

In conclusion, BlackRock is perfectly happy to push for more diverse workplaces, while being perfectly happy to trade societal-wide protections for the rights of that diverse workforce for politicians that will more easily facilitate finance number go up.