“Very cool. We need to see a lot more of this.”
ABSOLUTELY. And I hope that those who went with this ESG DEI crap are sued to starvation when it ends. They had CLEAR RULES to abide by, with that being essentially the following: “Do whatever is legally permissible to increase Shareholder Value.”
Loading up their companies with DEIs was about as far as possible that one can get from the above directive and they need to have their asses sued off of them, now.
>> They had CLEAR RULES to abide by, with that being essentially the following: “Do whatever is legally permissible to increase Shareholder Value.”
Absolutely. That the corporate mandate to increase shareholder value in simple dollar terms could somehow be morphed into “shareholder value also includes assuaging progressive conscience” is yet another manifestation of progressive “truth is a construct” doctrine.
In other words, ESG’s danger is far more insidious and damaging than its obvious effect on investment returns — yet fighting via lawsuit the deleterious effect on investment returns is EXACTLY the best tactic available right now.
Good.
IIRC, in the UK, the pensions are heavily invested in green energy and other ESG garbage which is why they are pushing for its success.