Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

After blowback, ESG-minded corporations ‘pull back’ on discussing the topic publicly, forging ahead in a quieter way
American Thinker ^ | 23 Aug, 2024 | Olivia Murray

Posted on 08/23/2024 12:47:05 PM PDT by MtnClimber

A new report from The Wall Street Journal reveals that “ESG” didn’t evaporate—it merely shifted into the shadows.

As it turns out, the communist plot of the corporate globalists to bankrupt the West and enslave the world wasn’t a big hit with the people, so the executives promoting the scheme have given it up… but only in public. While it might seem like the brass of companies like Vanguard and BlackRock (operating as de facto and unelected politicians) bowed to the pressure and dissolved the notion of a corporate credit score and its associated policies, they simply adjusted fire, and are now operating from behind the corporate curtain.

That’s according to a new report by H. Claire Brown, published at The Wall Street Journal on Monday, excerpted below:

Companies are talking less about sustainability in earnings calls and marketing materials, but they are mentioning it nearly as frequently as ever in their financial reports and disclosures.

Companies’ financial disclosures are mentioning sustainability almost as much as ever, with the trend line showing a steep climb between 2019 and 2021 before flattening out.

‘We haven’t seen any real diminution in the amount of quality of reporting on sustainability,’ said Julie Gorte, senior vice president for sustainable investing at Impax Asset Management. ‘What you don’t see is the companies coming out and having a big marketing splash about it.’

Per Brown, “roughly 97%” of the “ESG” and “sustainability” references came from the financial statements and disclosures, while a “handful” (presumably 3%) of the mentions could be found in “corporate announcements and board meeting transcripts.”

So what’s with the secrecy? As Gorte acknowledges, “Everyone wants to keep their head below the lip of the fox hole politically and not be a target[.]”...

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Society
KEYWORDS: dei; esg; wokeism

1 posted on 08/23/2024 12:47:05 PM PDT by MtnClimber
[ Post Reply | Private Reply | View Replies]

To: MtnClimber

They are in the “woke cult”, but they don’t know they are in a cult. They found out they may not be so popular so they have gone quiet to regroup.


2 posted on 08/23/2024 12:47:23 PM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

They can run but they can’t hide.

In the age of the Internet a bright light will be shined into their darkest corners.


3 posted on 08/23/2024 12:49:12 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

I can’t keep up with the acronyms anymore...
What is ESG?


4 posted on 08/23/2024 12:49:55 PM PDT by joe fonebone (And the people said NO! The End)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Not every company preaches “sustainability.”

Therefore, those that don’t preach it are not sustainable.

Therefore, shouldn’t there be huge numbers of bankruptcies, firesafe acquisitions, and massive layoffs by those corporations that are not “sustainable”?

The corporate corpses must be stacked up like COVID victims.


5 posted on 08/23/2024 12:50:26 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

In my company they’re still full on at it internally, baking the DIE stuff into the business practices still, though it IS noticeably softer/general tones.

Eternally they only talk about it in economic terms.


6 posted on 08/23/2024 12:52:06 PM PDT by Skywise
[ Post Reply | Private Reply | To 1 | View Replies]

To: joe fonebone

ESG = corporation scoring system on “Environmental, Social, Governance”, all in the woke sense of the words.


7 posted on 08/23/2024 12:52:13 PM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: MtnClimber

“forging ahead in a quieter way”

They’re hiding it because they know people don’t like it.


8 posted on 08/23/2024 12:52:14 PM PDT by Macoozie (Roll MAGA, roll!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: joe fonebone

ESG = corporation scoring system on “Environmental, Social, Governance”.

Social is the Social Justice stuff, both internally and contributions to external groups. Speaking out in support of SJW politics.

Governance is internal quotas for identity politics, as well as insistence that external vendors comply with the ESG and DIE stuff. Includes reporting to the HRC (Alphabet compliance).


9 posted on 08/23/2024 12:58:55 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
[ Post Reply | Private Reply | To 4 | View Replies]

To: MtnClimber

Companies hire based on racial quotas, pay bonuses based on racial quotas and factor racial quotas and ESG metrics when having reduction in force. It’s got to stop.


10 posted on 08/23/2024 1:02:01 PM PDT by mrmeyer (You can't conquer a free man; the most you can do is kill him. Robert Heinlein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macoozie

We all need to understand that the Red parts of our country are colonies of the Blue Cities.

Take a look of where your banking, cable, phone, and insurance payments are going. It’s all flowing to the Blue Cities.

We produce value, they extract it, and use our own money to try and impose their values.


11 posted on 08/23/2024 1:02:09 PM PDT by Renfrew (Muscovia delenda est)
[ Post Reply | Private Reply | To 8 | View Replies]

To: MtnClimber

So now they are going to systematically mislead investors. I am not usually a fan of the breed, but I hope some vicious, junkyard dog lawyers are gathering information to build their cases now.


12 posted on 08/23/2024 1:11:03 PM PDT by sphinx
[ Post Reply | Private Reply | To 1 | View Replies]

To: joe fonebone

Extremely Socialist Guidelines


13 posted on 08/23/2024 1:13:45 PM PDT by Sirius Lee (Trump/Vance 2024 or GFY)
[ Post Reply | Private Reply | To 4 | View Replies]

To: sphinx

Exactly—and we need whistleblowers—especially folks near to retirement—to hit these slimy corporations hard—with mega lawsuits and/or heavy negative publicity in the alternative media.


14 posted on 08/23/2024 1:15:54 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Skywise

Make printouts of documents and take them home.

You can decide what to do with them later.


15 posted on 08/23/2024 1:17:15 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 6 | View Replies]

To: MtnClimber
Sounds like they need more lawsuits filed against them. No American company should even be thinking about implementing this BS.
16 posted on 08/23/2024 1:25:38 PM PDT by Major Matt Mason (Where is the vaunted Q team?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Forging ahead are the key words..........................


17 posted on 08/23/2024 1:47:55 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Education and wariness are the only tools to fight such people if thet do this.

Really corrupt people who tried overt communism as a means to enrich themselves. They should be shut out from any decision making of anything important.


18 posted on 08/23/2024 1:58:05 PM PDT by Bayard
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

ESG? Extra Sticky Glue?


19 posted on 08/23/2024 2:37:06 PM PDT by Larry Lucido (Donate! Don't just post clickbait!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

ESG is big time WEF
No way in he11 is it going away.


20 posted on 08/23/2024 4:08:15 PM PDT by A strike ("Rise Peter, kill and eat.")
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson