ESG is not only fiduciary irresponsibility, it is based on junk science, so it is also a fraudulent suicide pact forced on society.
Does anyone have leads on funds that are specifically contrary to ESG?
ESG = Corporate fiduciary negligence
“Fiduciary negligence is a type of professional malpractice in which a person fails to honor their fiduciary obligations and responsibilities. Fiduciary negligence generally comes in the form of passive behavior, in that it is a failure to take action or take any steps to stop or address the actions of others.”
When I see the words “social responsibility” I immediately know it is a euphemism for “leftist dictatorial control.”
A question I have always had on ESG:
Is there anything that forces a fund manager or financial institution to comply or is it voluntary? Are there any penalties to individual companies for not complying?
These selfish bastards are not major shareholders. They are paid massive salaries, with bonuses based on false metrics. In case they fail, or heaven forbid, accidentally get caught breaking one of their leftist credos, they have golden parachutes built into their employment contracts so they can exit richer than ever before. They care not about true innovation, delivering useful products to market, productivity and increasing shareholder wealth in a pragmatic manner. Instead they waste money, shareholders money that is, on marketing and ad campaigns targeted at making idiot consumers feel good about brand, saving the environment and fighting for social change. Worthless Human Resources departments and diversity, inclusion and equity (DIE) organizations pimp Marxist philosophies and sow division between truly productive employees and the undeserving, worthless quota hires. They force racist and diversity training on American employees instead of providing the tools for a more productive workplace, all the while they offshore production to third world hellholes that use slave labor to make inferior products. Customer service is usually nonexistent and when it is provided it is from some incomprehensible foreign piece of excrement.
There once was a time that increasing shareholder wealth was a good thing. It was done by producing quality products and services that benefited customers. Brand loyalty and good will was established by consistently delivering better products over time based on consumers need. Budgets meant something. Money wasn’t wasted on propaganda targeted at making employees feel guilty about success and being American. Productive employees were rewarded. Their ideas were implemented and companies thrived. Non performers were fired. There was completion that benefited the company, employees and shareholders. Profit was good. Capitalism was good. America was good and strong.
Extremely
Stupid
Generation........................
You cannot power modern civilization on wind and solar, it cannot be done.
You are the carbon they wish to reduce.