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An outstanding ESG rating - but no chief risk operator: SVB hired woke board obsessed with diversity, invested $5BN for 'healthier planet' and held monthlong Pride celebration - but failed to spot glaring problems with investments
UK Daily Mail ^ | March 13 2023 | MELISSA KOENIG

Posted on 03/13/2023 1:22:53 PM PDT by knighthawk

Executives at Silicon Valley Bank focused on woke initiatives to increase diversity amongst its ranks and invest in startups promoting a 'healthier planet,' but failed to spot its glaring problems with investments as interest rates rose.

The now-failed bank had an A rating for its Environmental, Social and Governance policies according to the MSCI index after creating its own initiatives to 'advance inclusion and opportunity in the innovation economy' and investing in clean energy solutions over the past few years.

It even announced that it would invest a whopping $5billion by 2027 to support sustainability efforts, while its European offices held a monthlong Pride celebration and promoted 'safe spaces.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bank; bankfailures; bidenvoters; diversity; esg; siliconvalley; svb; svbbank; woke; wokeboard; wokemanagement
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1 posted on 03/13/2023 1:22:53 PM PDT by knighthawk
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To: knighthawk

Get woke. Go broke....................


2 posted on 03/13/2023 1:24:24 PM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: knighthawk

The mentally ill are in control of it all they all need to be re institutionalized immediatley


3 posted on 03/13/2023 1:24:57 PM PDT by ronnie raygun
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To: Red Badger

Go woke go broke get a taxpayer bailout


4 posted on 03/13/2023 1:28:06 PM PDT by gibsonguy
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To: knighthawk

This whole episode is gaaay.


5 posted on 03/13/2023 1:29:13 PM PDT by catbertz
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To: gibsonguy
"Go woke go broke get a taxpayer bailout"

Exactly. The lunatics are running the asylum.

6 posted on 03/13/2023 1:30:14 PM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: ronnie raygun

Well said ...


7 posted on 03/13/2023 1:30:49 PM PDT by bankwalker (Repeal the 19th ...)
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To: knighthawk
Silicon Valley Bank has long touted its diversity, equity and inclusion

They really should put it in the proper sequence: Diversity, Inclusion, and Equity. D.I.E., which SVB has.

8 posted on 03/13/2023 1:34:15 PM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: knighthawk

Bernie Sanders says Silicon Valley Bank’s failure is the ‘direct result’ of a Trump-era bank regulation policy
Business Insider ^ | 03/13/23 | Cheryl Teh


9 posted on 03/13/2023 1:35:25 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: knighthawk

Bad in vestments or interest shooting up and getting ahead of bonds? Didn’t Joe Biden kill SVB?


10 posted on 03/13/2023 1:36:34 PM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: knighthawk
'Our long history of serving this sector has enabled us to seize opportunities to build a better world, and this report highlights our efforts, progress and commitment to transparency and accountability.'

When your bank's CEO, company CEO, or anyone you know or have to deal with speaks like this? Run. Run fast, and run far away.

11 posted on 03/13/2023 1:37:03 PM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: knighthawk

So, fiduciary responsibility is a thing after all.


12 posted on 03/13/2023 1:43:28 PM PDT by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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To: Red Badger

Get woke. Go broke.................... biden bail you out.


13 posted on 03/13/2023 1:47:10 PM PDT by George from New England
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To: knighthawk

A new version of March Madness


14 posted on 03/13/2023 1:51:45 PM PDT by yelostar (Stay strong. Stay fierce. Stay SKEPTICAL. Never surrender your freedom, and don’t buy the narratives)
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To: Red Badger

More than just a catchy cliche


15 posted on 03/13/2023 1:52:48 PM PDT by MrRelevant
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To: George from New England

The top three stakeholders in SVB, who are left high and dry:

BlackRock, State Street and Vanguard...the three horsement of the woke apocalypse.


16 posted on 03/13/2023 1:53:05 PM PDT by plangent
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To: knighthawk
It said in its 2022 ESG Report that the bank strives to 'create a more just, equitable and sustainable world.'

Apparently, the bank wasn't sustainable.

17 posted on 03/13/2023 1:59:28 PM PDT by gitmo (If your theology doesn't become your biography, what good is it?)
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To: BenLurkin
This was too predictable. TDS is still a thing.
18 posted on 03/13/2023 2:09:57 PM PDT by Major Matt Mason (To solve the Democrat problem, the RINO problem must first be solved.)
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To: plangent
That's good info. Holy cow, combined they had 21.25% stake.

Excellent, hoping it has a domino effect.

19 posted on 03/13/2023 2:12:40 PM PDT by Tommy Revolts
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To: knighthawk

More sickness and illness. The “woke” need to wake up.


20 posted on 03/13/2023 2:18:38 PM PDT by NeverTyranny
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