what does ESG mean? I’m sure i’ve failed that test, lol.
Environmental Social Governance
Better learn quick what it even means, your entire life is going to depend on it. Read the article
In addition to creating this platform, their lending guidelines are also getting an update that includes new rules that will tie your individual ESG score to your ability to secure lending.
And a myriad of other things for modern life.
Extra Sodium Glutamate? Eat S*** Gomer? Execute Socialists Globally? Electricity Sucks Gas?
Perhaps the best example of that is what happened to Tesla. Many financial firms have mutual funds that are supposed to be ESG mutual funds -- meaning you can invest in the mutual fund knowing your investments will fund things in harmony with your work sensibilities. Yet, as soon as Elon Musk said he was no longer voting Dim, some investment firms dropped Tesla from their ESG funds.
Why? Did Tesla all of a sudden quit making EV's and start making dually gas guzzlers? Did Tesla quit making solar batteries and start making equipment for energy frackers? Did Tesla quit selling make-believe carbon credits? Nope. The only sin against the ESG-wokeness-cult that Tesla did was it's CEO said he was going to quit voting Dim. That alone was enough to get it dropped from so-called ESG mutual funds.
And that tells you everything you need to know about what ESG really is.