It’s all about that ESG score. The banks won’t lend to corporations whose ESG score isn’t high enough.
The only way to beat Black Rock, Main Street and Van Guard is to boycott. Unfortunately, that may mean going hungry.
Bingo !!
And institutional investors will dump stocks with a low ESG score.
CEO's are now solely accountable to Investment Banks, Hedge Funds, and large brokerages, NOT SHAREHOLDERS.
Ah.. that explains. This is the garbage Vivek has been talking about.
Even though they are a private company anyone they do business with gets their ESG score dinged.
Just wait until your local church or synagogue can’t find a bank, can’t get a new building built, etc. Unless they follow ESG guidance.
It’s all about that ESG score. The banks won’t lend to corporations whose ESG score isn’t high enough.>>> Correct but can they tame the tiger and still produce internally at a high level while cranking out the compliance decrees. Tough row to hoe. I’d just like to get the 3 sisters in my garden to work. zucchini, corn and beans.
My good FRiend, you are wildly wrong.
Xerox, which has a terrible ESG score, has zero trouble finding bank financing. And has zero trouble finding financing for acquisitions.
https://www.news.xerox.com/news?&page=1