Tariq Fancy

Tariq Fancy
Born1978
Toronto, Canada
Education
Known forThe Rumie Initiative

Tariq Fancy is a Canadian entrepreneur. A former investment banker and private equity professional, he is best known for founding The Rumie Initiative, a non-profit organization that aims to educate children in underserved communities using affordable technology. Tariq was the Chief Investment Officer for Sustainable Investing at BlackRock leaving in late 2019 due to both family obligations and his disillusionment about the real-world social impact of sustainable investing.[citation needed]

Fancy is a speaker on applying social innovation to education and development, including appearances on CNBC[1] and at the United Nations.[2] His financial commentary has appeared regularly in the Financial Post,[3][4] and his economic research on innovation policy with the C.D. Howe Institute was cited in the Canadian Federal Budget to support policy changes.[5][6]

Fancy's work on the Rumie Initiative[7] has received widespread coverage in the mainstream media, including CNBC,[1] The Toronto Star,[8] CBC,[9] Quartz,[10] and Forbes. Both INSEAD[11] and the Harvard Business School[12] have published case studies or profiles on Fancy's work with the Rumie Initiative. In 2017, he was selected to Canada's 40 Under 40.[13][14]

In Recent News

Tariq Fancy, former BlackRock CIO of sustainable investing, wrote an op-ed stating that "the financial services industry is duping the American public with pro-environment, sustainable investing practices." Stating there is no evidence ESG investing has any social impact via a CNBC Exclusive[15] In the USA Today article 'Financial world greenwashing the public with deadly distraction in sustainable investing practices' he claims "Wall Street is greenwashing the financial world, making sustainable investing merely PR, which is a distraction from the problem of climate change."[16] He subsequently wrote a longer, three-piece article, published by Medium, elaborating and substantiating further the points he sketched in his op-ed and providing details of the interactions he had while he worked at Blackrock with different parties in the sustainable investment world.[17]

References

  1. ^ a b "This start-up aims to bring education to the world's poor". CNBC. Retrieved 2017-07-27.
  2. ^ "NEXUS Global Summit Agenda" (PDF).
  3. ^ "Greece's 'internal devaluation'". Financial Post. 2015-07-16. Retrieved 2017-08-08.
  4. ^ "Greece's best option: Quit the euro". Financial Post. 2011-09-08. Retrieved 2017-08-08.
  5. ^ "Can Venture Capital Foster Innovation in Canada? Yes, but Certain Types of Venture Capital Are Better than Others". C.D. Howe Institute. Retrieved 2017-08-09.
  6. ^ Finance, Government of Canada, Department of (21 March 2013). "Budget 2013 - Budget Plan: Chapter 3.4 - Investing in World-Class Research and Innovation". www.budget.gc.ca. Retrieved 2017-08-09.{{cite web}}: CS1 maint: multiple names: authors list (link)
  7. ^ "Rumie Initiative". Rumie Initiative. Retrieved 2021-03-17.
  8. ^ "Bringing education to the world's poor children | Toronto Star". thestar.com. 28 December 2014. Retrieved 2017-08-08.
  9. ^ "CBC Metro Morning". www.cbc.ca. Retrieved 2017-08-08.
  10. ^ "Help Syria's refugee children by assigning them homework". Quartz. Retrieved 2017-08-08.
  11. ^ "INSEAD Entrepreneurship Profile" (PDF). 14 August 2015.
  12. ^ Kim, John J.-H.; Migdal, Amram (2016-01-19). "Rumie: Bringing Digital Education to the Underserved". {{cite journal}}: Cite journal requires |journal= (help)
  13. ^ "Canada's 2017 Top 40 Under 40 - Article - BNN". BNN. 2017-06-28. Retrieved 2017-08-08.
  14. ^ "Canada's Top 40 Under 40® 2017 Honourees Announced". www.newswire.ca. Retrieved 2017-08-08.
  15. ^ "Fmr. BlackRock executive: ESG investing doesn't have any social impact". CNBC. 2021-03-16. Retrieved 2021-03-17.
  16. ^ Fancy, Tariq. "Financial world greenwashing the public with deadly distraction in sustainable investing practices". USA TODAY. Retrieved 2021-03-17.
  17. ^ Fancy, Tariq. "The Secret Diary of a 'Sustainable Investor'". Medium.com. Retrieved 2021-08-28.

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