What is the confusion? The customer is king. No customers = no company. Period.
Try selling beer to the esg brokers. See how that goes.
Try relying on just the esg woke gang for stock ownership. See how that goes as well.
They are in preparation for the global infrastructural governance that is coming. Next month the godless WHO org. will start setting guidelines for the whole world. Our medicines, food supply, monetary system and of course transports will be tightly regulated in the near future. Liberty and freedom will be fading memories.
I don’t consult an ESG score when I buy beer .... or at least I didn’t until the “woke” beer companies started shoving their cr@p down our throats via advertising, etc. Now, if a company is ‘woke’ enough that I can detect it, I avoid like the plague. Another way for me to avoid someone ... sign your emails with your ‘pronouns’ listed behind your name.
No--they don't have to understand anything. Your tight spot does not mean I have to excuse your decisions.
This fight is everyone's, and companies like AB are on the front line. Their decisions on how to respond to things like this are decisions on how America will move forward.
I have no sympathy for AB, Nike, SI, or any other company bowing to this pressure. Stand up and fight!
Great!! They just simplified it for us!! The new slogan can’t be... Anyone who ESGs can KMA...
Bkmrk
Black Rock
Main Street
Vanguard
The real Bogeymen.
If it’s ALL the sources of capital being behind ESG, then you can safely bet that they are doing it because their government regulators TOLD them they must, or risk investigation and trouble.
“a term coined during a 2004 United Nations initiative”
This is why we’re losing. They’re working on a plan for 20 years before most on the right even start noticing.
What’s the right’s plan for the next 20 years? Do we even have one?
Root cause
Linked in the original article...
https://fee.org/articles/will-esg-reform-capitalism-or-destroy-it/
They can ride ESG all the way to bankruptcy - and I hope they do.
Miller has been known to make huge donations to lefty causes.
The thing is, the free market (not capitalism) does care. Make a product or service people want and don’t piss off the customer, you win. Do things people don’t like and piss them off, and you lose. It’s self-correcting.
Beer sales are down overall. Beer sales are especially down in the “big 4”. Craft and import is growing, though not growing as much as the “big 4” are losing which leads to the overall math. This trend has been going on for years. The “big 4” have basically taken a 2 pronged approach:
buy companies in the craft and import space
find a new market
That 2nd one is pretty typical of companies in a market that’s dropping. Try and get new customers. What’s a “new” customer? Well it depends. In the case of beer it’s getting away from the “trucks, labor and sports” crowd that has been the “traditional” beer market for decades. While I often say they should be looking at improving the product. But when you look at the big numbers that won’t help that much. Sure it would help them not lose market to the craft and imports, there’s still that general shrinkage in the beer market to deal with. Somebody needs to expand the general beer market. But I think that charge would be better led by good beers. Nobody who hasn’t been a beer drinker into their 30s is going to pick up a Bud or Coors and say “woh, can’t believe I’ve been missing out on this”.
Do the puppeteers provide revenue ? If not. . .ignore them
“...should be thinking about the cost of not becoming more concerned”
Sounds threatening to me. Something an extortionist would say. Oh, wait
Lots of great posts on this thread.
By local beers. There are a million of them.
The CEO of a company I worked at for 40 years, when asked by another employee who was most important, the employees, the customers, or the stockholders, replied, “The employees, the customers, and the stockholders form an equilateral triangle, with the stockholders at the top.”