Posted on 11/18/2023 6:29:29 AM PST by Kaiser8408a
Huey Lewis and the News said it best about ESG goals: “The elites want a new drug.”
The World Economic Forum (WEF) is a leading pusher of the ESG drug, pushed by the elite class intending to control the world. Unfortunately, numerous American politicians and influencers have attended the Davos meetings and have openly praised the WEF and its leader Klaus Schwab.
ESG refers to the environmental, social and governance information about a firm. There is growing evidence that companies that take their environmental and social responsibilities seriously perform better financially. This has naturally made investors sit up and take notice.
ESG investing, or sustainable responsible investing (SRI), uses this information about a company to inform investment decisions that prioritize all stakeholders.
Here’s how the Forum’s partners are leading the switch to stakeholder capitalism.
There are 3 pillars to ESG and sustainable investment. This reminds me of the 10 pillars (or planks) of Marxism. So ESG is Marxism with a different name, but the end result is the same. Big government control.
But all is not well with WEF’s ESG drug distribution. In fact, ESG flows into socially consious funds were a big thing during Covid (2020) and the first year of Biden’s Reign of Error. But ESG flows slowed sharply in 2022 and seeing net outflows in 2023.
(Excerpt) Read more at confoundedinterest.net ...
Good news to hear that the Marxist ESG garbage is now taking a hit. And I like the author’s “Biden’s Reign of Error.” Nice turn of phrase.
The American Conservative Values ETF (ACVF) is based on the conviction that politically active companies negatively impact their shareholder returns, as well as support issues and causes that conflict with conservative political ideals, beliefs and values.
The $1.5 trillion market for sustainability-linked loans, in which borrowing is tied to environmental, social or governance goals, has seen an overall slowdown in volumes this year as both interest rates and greenwashing fears rise. But nowhere has the decline been as precipitous as in the US, where the number of new sustainability-linked loans is down 80% from a year earlier.
A board of directors should care about ESG and creating an ESG strategy because it can significantly impact the company’s financial performance.
For example, a company with poor environmental practices may be subject to increasingly strict regulation, which could hurt profits.
A company with poor social practices may also face reputational damage, leading to lost customers and revenue.
Finally, a company with weak governance practices may be more likely to experience fraud or other financial problems.
By considering these factors, a board of directors can make better-informed decisions about the best way to invest the company’s resources.
Thank you for that information. Just added them to my Robin hood watch list.
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