We all need to fight together against this metastasizing groupthink cancer like our lives depend on it. Because they do. Ours, and the lives of our children and grandchildren.
If you want to be added, please FReepMail me.
Posted on 07/28/2022 7:16:59 AM PDT by MtnClimber
Environment, Social and Governance, better known as “ESG” is a metric that measures whether a nation or corporation can demonstrate the maximum amount of corporate virtue signaling. The most striking example is Sri Lanka, the former government of which massively increased its ESG by mandating only organic fertilizer in the small nation, leading to massive inflation, famine, and the violent overthrow of its government. ESG is bad business and, as Sri Lanka demonstrates, dangerous to human well-being. Now, though, Governor Ron DeSantis has announced that Florida is leading the way to stand against this utterly toxic metric.
For just one example of the mindless gobbledygook behind ESG, get a gander at this recent writeup from Kyle Peterdy at CFI, which is an accredited provider of online content for finance professionals (that is, it’s teaching this crap to the next generation):
ESG is an acronym for Environmental, Social, and Governance. ESG takes the holistic view that sustainability extends beyond just environmental issues.
ESG is best characterized as a framework that helps stakeholders understand how an organization is managing risks and opportunities related to environmental, social, and governance criteria.
While the term ESG is often used in the context of investing, stakeholders include not just the investment community but also customers, suppliers, and employees. All of them are increasingly interested in how sustainable an organization’s operations are.
Blah. Blah. Blah. I’m sure Mr. Peterdy is a nice man, but this is a wall of garbage words aimed at imposing every kind of leftist policy, provided it’s wrapped in virtuous language, on financial and political marketplaces.
(Excerpt) Read more at americanthinker.com ...
ESG has to be stopped or the left has won.
ESG stops when the people have run the president and prime minister out of the country, burned the politicians’ houses and then have a pool party at the presidential palace (Sri Lanka).
The Congress and Biden are trying to codify ESG scores, mandating all public companies have one, and regulating based on them.
We all need to fight together against this metastasizing groupthink cancer like our lives depend on it. Because they do. Ours, and the lives of our children and grandchildren.
He’s on top of what’s going on, so great!
DeSantis is coherently raising issues that the establishment party is afraid to touch. MAGA Republicans won’t prevail solely by attacking gas prices, the Chinese, and election stealing.
I'd put money on him being an ignorant, arrogant, a-hole who would make an absolutely terrible neighbor. His hyphenated wife wants to be (or already is) the HOA president ...
This latest announcement will put Governor Ron at odds with a lot of big corporations.
I have previously remarked on how the AICPA (the club, so to speak, for CPA firms and many licensed CPAs) is salivating over the entire woke agenda.
Besides becoming more “progressive”, the AICPA has become a proponent of inclusion, diversity, etc. They also seem to be lusting for the opportunity to audit (i.e., verify) the ESG bonafides of businesses.
Can you imagine how much money will be spent in the entire ESG accreditation arena IF current trends hold? I can foresee California passing laws in the near future to enforce such a thing. And the Securities Exchange Commission is well along with such efforts.
Perhaps Texas will come out against the ESG trend. But I wonder how the fight will play out in Florida. Will various county governments fall under ESG reporting guidelines due to their collection of Federal monies.
I think DeSantis is doing a great job in Florida and would like to see him serve a full eight (8) years as Governor before running for President.
No ESG!.....................or MSG or ...........SFG...... or any kind of G.......................
SFG ... San Francisco Gays?
Actually, maybe ESG scores might be helpful in determining who *not* to do business with (and where *not* to invest).
ESG is the greatest danger. It must be banned.
In the past centuries, governments were responsible for millions of deaths, including the 20th Century, where the democide death toll was up to 170 million. In this century, they will likely be responsible for millions or tens of millions more.
But in this century, for what must be the first time in human history, large corporations themselves will be responsible for millions, or even tens of millions of deaths, through their own policies.
DeSantis, even if its an inadvertent side effect, is throwing up roadblocks to the corporate death machine in Florida. Kudos!
The AICPA’s hands will be dripping with the blood of starving people.
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