ESG = Corporate Fiduciary Negligence
All publicly traded companies should be held accountable for this.
UN Agenda 21 / 2030 / Great Reset . ( Let me know if you wish to be added or removed from the list.)
uh, I doubt it
The Environmental, Social and Governance (ESG) movement plan to use our own money to enslave us
Is Vanguard’s s&p 500 fund esg-ed?
Hords need to sue for violating their civil liberties of free trade and expression. Would definitely have standing!
Larry Fink needs to spend the rest of his life in an 8’x10’ Supermax cell.
Please add me if not already added.
bury ESG. billionaire thanks to China (iron ore in particular) - Andrew “Twiggy” Forrest - clearly believes he can tap into the “trillions” available overseas (which includes huge pension funds), and the trillions in Australia’s private/mandatory pension funds, known as Superannuation Funds:
1m16s to 2m44s:
VIDEO: 6m27s: 7 Dec: Sky News Australia: ‘A very significant step’: Billionaire Andrew Forrest increases exposure to renewable energy with $4 billion acquisition
Andrew “Twiggy” said the $4 billion acquisition will help get Australia beyond fossil fuels, which should have happened “decades ago”.
by Joseph Huitson
In an interview with Sky News Australia Mr Forrest praised the leadership team at CWP and declared the move is a step in the right direction to move Australia beyond its fossil fuel reliance.
“To have this critical mass that dovetails so well with Squadron, we are already building out Australia’s largest connected green energy project,” he said...
“And we know the capital is there, we can access it and we have it. The rollout will be dependent on government policy at state and national level.”...
https://www.skynews.com.au/business/energy/a-very-significant-step-billionaire-andrew-forrest-increases-exposure-to-renewable-energy-with-4-billion-acquisition/news-story/6aee75aa191caf36b1fe34121fd9ead3
7 Dec: Australian Financial Review: Andrew Forrest is Australia’s biggest renewables player
by Brad Thompson and Colin Packham
Iron ore billionaire Andrew Forrest has become the biggest renewable energy player in Australia and now wants to tap into the billions of dollars in Australian superannuation funds to help fund a giant pipeline of wind and solar projects...
Squadron is working on a structure that will allow super funds to take equity stakes in its renewables projects, but not in the privately owned company itself...
Dr Forrest said trillions of dollars was available for investment in high-quality renewables projects that could transform economies, including those in the combined Squadron/CWP portfolio.
“People can participate with us, mums and dads can participate with us in what will be the most attractive long-term investment for them and in what has to become the largest industry in the world,” he said...
https://www.afr.com/companies/energy/andrew-forrest-s-squadron-energy-seals-4b-deal-for-cwp-renewables-20221207-p5c4dv
Wikipedia: Superannuation in Australia
As of 30 March 2022, Australians have AU$3.5 trillion invested as superannuation assets, making Australia the 4th largest holder of pension fund assets in the world.
https://en.wikipedia.org/wiki/Superannuation_in_Australia
15 July 2020: MoneyManagement: Australia taking ‘meaningful steps’ to integrating ESG in super
By Laura Dew
Australia’s superannuation system has taken ‘meaningful steps’ to ensure super is addressing environmental, social and governance (ESG) issues, according to research from the Principles for Responsible Investment (PRI).
In its latest report, the organisation compared private retirement systems in Australia, the US and UK and their inclusion of ESG...
***Some 81% of for-profit super funds, it said, now had some form of responsible investment...
https://www.moneymanagement.com.au/news/superannuation/australia-taking-%E2%80%98meaningful-steps%E2%80%99-integrating-esg-super
8 Dec: Reuters: Vanguard quits net zero climate effort, citing need for independence
By Ross Kerber and Noor Zainab Hussain
One focus of criticism has been the effort known as the Net Zero Asset Managers (NZAM) initiative, launched in late 2020 to encourage fund firms to reach net zero emission targets by 2050 and limit the rise in global temperatures. As of Nov. 9, NZAM counted 291 signatories representing some $66 trillion in assets under management...
Vanguard rivals including BlackRock Inc (BLK.N) have taken the opposite stand and said their NZAM participation does not conflict with their independence. A BlackRock spokesman said on Wednesday the company remains part of NZAM.
Daniel Wiener, chairman of Adviser Investments in Newton, Massachusetts and a longtime Vanguard observer, said the firm’s withdrawal showed it lacked a strong leader on ESG issues that BlackRock has in its CEO Laurence Fink...
https://www.reuters.com/business/sustainable-business/vanguard-quits-net-zero-climate-alliance-2022-12-07/
Crush these monopiles and throw the revolutionaries in charge in jail. Recognize that their leaders, fascist Clous Schawb, and the rest of his fascist minions, are in an existential war with the US and her allies. And act accordingly. Like WWII acting accordingly.
They're doing it because they're scared of being sued, not because they've suddenly grown a conscience and decided to do what's best for their clients.
The mfg company I used to work for seems to have gone whole hog into ESG. When I was there it was quite conservative and that was only a dozen years ago.
Somehow I don’t believe them. I think they’ll hide that they’re still doing ESG investment.
some good news on this front lately
Why in the hell do CEO’s allow this fifth column? Specifically, they allow all the overhead for diversity and inclusion. They allow the overhead of Human Resources. They allow the overhead of anti-science climate excrement. They allow contributions to worthless and wasteful charities in the name of virtue signaling. They allow the active support of organizations like bLM. The allow sexual deviance in the form of supporting LGBTQXYZ++. All of these thing cost money and productivity.
They allow wokeness and political correctness to stifle free speech.
That’s the worst one. Without free speech there is not an exchange of ideas. Solutions are limited. Creativity dies. Speech is thought. Thinking dies. Wokeness isn’t about not offending people. It’s about shutting you up and controlling you.
CEO’s clearly see the negative impact because they create worthless programs and departments dedicated to innovation. That’s a bull💩idea, as if innovation never occurred in business before today. These eff’n morons don’t know how to solve the problem of a lack of creativity and innovation because they don’t know what’s causing the problem.
Corporate America survives despite itself today. It could be so much more, but I doubt that will ever happen. If fact, corporate America is doomed because it is run by thoughtless morons that can’t even see the enemy within.
Stepping off soapbox.
.
Fink is committing suicide when the numbers catch up with him. Surely this is true. He will still have woke followers but people sometime or another find out they are falling behind and want to make money.
I wonder when the fiduciary issue comes to the forefront and actions are taken?
I also have a dream that one day the sheeple will figure out that green energy is not going to work and is just costing them a butt load of money. There is no viable solution to storage for no wind and no sun, not even low of each. The gallons of gasoline saved by the paltry numbers of EVs has cost the equivalent of $26 a gallon in subsidies. That is bound to make taxpayers happy someday. Maybe, I hope. As Manhattan Contrarian reports, NREL’s blue ribbon panel only offers that at the end of 10 years of research may result in some solutions that enable green energy someday leaving 3 years to meet the the 100% green energy goal. That is a painful 13 years at the current pace of waste. In the lengthy NREL report they identify lots of problems and virtually no solutions.
I was screening funds the other day and it dawns on me, I’m slow, that all the funds are trying to beat some benchmark. Most simply don’t, the low cost ETF is the index and does well against the index of course. What is more, the ETF trades all day long instead of the butt clenching wait until close if you are bent on selling into a falling market, I don’t. What is the point of paying some revolving door fund manger instead of buying an ETF? None.
I wonder how much longer mutuals go on and how much longer people are going to be willing to handsomely pay managers to be woke and not beat the indices handily? There are alternatives and there is nothing wrong with them.
Insurance companies are implementing this too. I’m convinced the ChiComs are handling the data.
We totally quit an insurance company because of this.
I can give specifics if you like.