Posted on 03/03/2023 9:25:18 AM PST by Starman417
In my last post I noted that Joe Biden has two masters; Zelenskyy and China. Today we'll have a look at ESG. ESG is short for Environmental, Social and Governance.
ESG stands for Environmental, Social, and Governance. First coined in 2005, ESG covers a wide range of issues that may have a direct or indirect impact on financial relevance. Some of these issues that come under the purview of ESG reporting include resource management, supply chain management, organizational health, safety policies, and building trust through transparency.It's a kind of Social Credit Report Card
Major financial institutions and global organizations are using a corporate scoring system to create a type of social credit system designed to influence behavior and transform society, according to a director at a conservative think tank.It's modeled after something found in guess where?Environmental, social and governance, or ESG, scores effectively grade social responsibility for entities ranging from corporations to governments. Factors like reliance on renewable energy sources or the strength of diversity policies can influence ESG scores.
"The point of it is to transform all of society, not just to transform what happens inside the walls of some big corporation," Justin Haskins, director of the Socialism Research Center and editorial director at the Heartland Institute told Fox News.
China.
Haskins compared ESG scores to a social credit system being developed in China. The Chinese Communist Party announced a moral ranking system in 2014 that monitors individuals, government organizations and companies ranks them based on their social credit, according to the South China Morning Post.There's a big push from the left to invest pensions in this stupidity. The Department of Labor ruled that money managers could consider ESG investments for pensions.
In announcing the rule in November, the Department of Labor held that the Trump administration had “unnecessarily restrained” retirement plan managers’ ability to weigh ESG factors when making investments.Sen. Joe Manchin warned“The rule announced today will make workers’ retirement savings and pensions more resilient by removing needless barriers and ending the chilling effect created by the prior administration on considering environmental, social, and governance factors in investments,” Assistant Secretary for Employee Benefits Security Lisa M. Gomez said at the time. “Climate change and other environmental, social and governance factors can be useful for plan investors as they make decisions about how to best grow and protect the retirement savings of America’s workers.”
“ESGs by itself just could kill our whole economy,” Manchin said in a brief interview on “Special Report.” “Could kill our whole economy as far as in America basically.”The House voted to block the DOL rule. Amazingly, so did the Senate but by narrow margin.
(Excerpt) Read more at floppingaces.net...
ESG is nothing more than complete communist control. It is pervasive to the point that it can shut down any business, large or small, in two seconds flat.
Here’s how it would work for my SIL, a small, family farmer...
Farmer has to send in details of everything about his operation and obtain an ESG score. Score depends on how many of their inane regulations/procedures/supplies he is keeping/using.
Farmer then needs to purchase seed, or feed, or chemicals, or medicine for livestock, or hire labor for fields....or even obtain financing. Person selling ANY of the services or goods the farmer needs is required by law to get farmer’s official ESG score. If score is not in a certain standing, the supplier is NOT ALLOWED BY LAW to sell to the farmer. It doesn’t matter if the farmer is his friend, relative, whatever.....no sale can take place without approved ESG score.
This is diabolical. I see a number of people coming against it now and I hope they succeed.
ESG is an economic “Social Credit System” (imposed in China even at a personal level) to force compliance to the government. It is the opposite of freedom.
Conformity has many facets, and any infraction is basis for a wholly inappropriate response from the Authority Powers.
You literally live or die at their whim. The Chinese Mandarins of old could not muster this kind of absolute obedience.
This is Orwellian thoughtcrime, for which there is no mercy, no compromise, no appeal, and eventually no escape.
And it is being brought to America with apparently little if any protest so far.
Vanguard CEO issued a press release yesterday (I believe), saying that Vanguard is divesting itself of ALL ESG holdings.
It’s like we all have a front row seat to watch the fall of freedom, complete with our keyboards. Everyone afraid to make a move, as they’ve already shown us what will happen. It’s gotten to a point where I truly hope that there is some master plan underway, under the radar, to take these evil conquerors out, before it’s too late.
Bkmk
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