Posted on 09/04/2022 4:56:03 AM PDT by MtnClimber
Environmental, social, and governance (ESG) scores are a Trojan horse for left-wing totalitarianism; yet, the American right was largely caught off guard by its sudden rise. The world's largest private capital firms, government institutions, and NGOs have discovered, seemingly in concert, the need to remake the global economy in the image of this arbitrary left-wing metric,
SNIP
Tellingly, the proponents of ESG value quixotic goals such as carbon dioxide emissions reduction above sensible environmental protections and conservation. ESG’s “social” goals are even more nebulous, as social justice itself is entirely subjective. However, the point of ESG is not actually to improve the environment or protect social justice. In reality, the point is to establish control over the many by the few.
What the radical Left could not achieve by force with the typical levers of government power, it is now poised to accomplish with nominally public-private enterprise partnerships. This new strategy has confused the conservative and libertarian response. If such heavy-handedness were attached to the arm of the state, free-market organizations and policymakers would mobilize quickly against it. Coming primarily from the private sector, however, has forestalled an effective response to the ESG agenda.
Unlike government bureaucrats, private sector proponents of ESG are happy to immodestly expose their totalitarian urges in public. Bank of America Chairman and CEO Brian Moynihan explained his plans to enforce ESG with characteristic subtlety, in describing Bank of America's war chest: "200,000 people, a three trillion-dollar balance sheet, 60 billion in expenses; you start aiming that gun, and you take that across all these companies, it is huge." The true lightbearer of the ESG movement may be BlackRock's aptly named CEO, Larry Fink. He summarizes his firm's role in promoting ESG with equal artfulness, noting, "...at BlackRock we are forcing behaviors."
(Excerpt) Read more at americanthinker.com ...
There is starting to be pushback against ESG mandates by several states. I hope that the heads of the financial companies pushing ESG get sued into oblivion for their non-fiduciary, leftist pressure tactics.
Call it what it is - that other leftist brand of socialism: Fascism. Fascism in its purest, classical definition.
Mussolini would recognize America today completely and be right at home.
ESG is corporate fiduciary negligence.
The company I work for pushes their ESG compliance openly and openly admits it participating with ESG is to receive government contracts throughout the world and to compete with competitors who also participate in it.
Mandate the Jab , Mandate EVs , Mandate that you will eat bugs , Mandate that you Exterminate yourself on your 40th birthday etc etc etc
I will not comply.
Question is, if government is taking sides in the ESG movement, is investment in these companies and funds worth the risk?
If their motivation is following BS environmental pseudoscience and made-up problems rather than maximizing profits? No.
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