The fight over woke ESG — environmental, social and governance — policies being used by massive asset managers to make investment decisions entered new territory on Wednesday, thanks to Mississippi Secretary of State Michael Watson. In a first-of-its-kind move, Watson and his office’s Securities Division issued a cease and desist […]
Search Results for : ESG
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Despite a barrage of Republican attacks, lackluster returns and diminishing client interest in the US, BlackRock Inc. has been quietly expanding its dominance in ESG investing. The world’s largest asset manager has posted net ESG inflows every quarter for the past two years, a period that marks one of the […]
Environmental, social, and governance (ESG) metrics are a popular kind of social credit scoring, one that poses a significant threat to individual liberty and free-market economies, both in America and abroad.[1] ESG is regularly used by corporations and investors as a tool to impose values and environmental policies on other […]
Bloomberg News recently published an article that has been met with criticism for its representation of the Black Lives Matter (BLM) movement and its influence on corporate America. The article, titled “Corporate America Promised to Hire a Lot More People of Color. It Actually Did,” linked the 2020 BLM protests […]
Salesforce is planning to enhance its Net Zero Cloud environmental, social, and governance (ESG) reporting tool by integrating generative AI capabilities from its Einstein AI system. The aim is to automate some aspects of preparing ESG reports, a field drawing increasing interest from investors and regulators. The new features are […]
Morningstar’s ESG analytics group, Sustainalytics, has announced that it will lay off up to 12 percent of its workforce next week. This decision was disclosed during a recent town hall meeting, where the company revealed that between 150 and 180 employees would be let go. However, the specific departments or […]
Blue-chip U.S. companies increasingly rely on environmental, social, and governance (ESG) metrics to determine top executives’ bonuses, raising concerns among investors about manipulation to maximize payouts. Approximately 3/4 of S&P 500 companies have revealed that environmental, social and governance metrics contributed to executive compensation, a rise from two-thirds in 2021, […]
BlackRock, the world’s largest asset manager, is facing heavy criticism from leftist organizations over its recent rejection of numerous environmental, social, and governance (ESG) shareholder proposals. After attracting criticism from conservative figures for supporting the ESG agenda, it is now being attacked by Democratic officials who are alarmed at its […]
A recent survey conducted by The Harris Poll and the University of Pittsburgh’s Center for Sustainable Business reveals a substantial disparity between the lip service corporate directors give to ESG during board meetings and firms’ actual strides taken to achieve ESG objectives. The survey found that: 43 percent of employees […]
S&P Global Inc., a leading global credit ratings provider, has taken a noteworthy step by announcing it will no longer include ESG (environmental, social, and governance) scores alongside its credit ratings. This significant change, announced on August 4, 2023, comes as a direct response to investor feedback, with many expressing […]
According to a recent Bloomberg client poll, the vast majority of Wall Street brokers and other market insiders are highly skeptical of environmental, social, and governance (ESG) initiatives, believing ESG funds will continue to underperform and do not have the ability to sustain profits. Eighty-seven percent of 116 Bloomberg terminal […]
The financial industry is taking a step further in evaluating customers’ worthiness for banking facilities, as they begin to scrutinize social media accounts based on environmental, social, and governance (ESG) screening criteria, warns former Brexit Party leader Nigel Farage. Farage, who has been vocal against what he calls “woke capitalism,” […]
In June, A.T. Kearney, Inc. — a global management consulting firm — announced a partnership with Al Gore’s nonprofit, Climate TRACE. Along with its various management consulting services, A.T. Kearney boasts about its role in helping organizations “establish and implement decarbonization strategies.” This new partnership, according to A.T. Kearney, will […]
Rep. Jim Himes (D-CT) likened the Republican party’s attempts to challenge corporate America’s environmental, social and governance (ESG) initiatives to a “Taliban-like attack on the private sector,” in an interview with Politico. His commentary comes amid a growing partisan divide over the role of ESG principles in corporate decision-making and […]
A recent survey conducted by WTW and the Nasdaq Center for Board Excellence ostensibly shows that a strong majority of board members believe that a coherent environmental, social, and governance (ESG) strategy fosters sustainable organizational value and improves financial outcomes. However, the survey’s legitimacy is under scrutiny due to its […]
The environmental, social, and governance (ESG) investing model is currently facing significant challenges, as outlined in a comprehensive report by the Republican congressional ESG Working Group, many members of which have dubbed July “ESG month.” With nebulous objectives, politicized portfolios, and underwhelming returns, ESG investing has garnered criticism, leading even […]
The recent surge in corporate commitments to environmental, social, and governance (ESG) principles is leading to increased pressure on the personnel involved with corporate social impact (CSI), with potentially serious implications for employee wellbeing. According to a recent survey by the Association of Corporate Citizenship Professionals and YourCause from Blackbaud, […]
BlackRock Inc., the world’s largest asset manager with $9 trillion in assets under management, declared plans to extend its Voting Choice program to retail investors in the iShares Core S&P 500 ETF (IVV), its biggest ETF, worth $305 billion. The initiative originally targeted institutional investors and was operational from 2022, […]
The rise of roles within the Diversity, Equity, and Inclusion (DEI) and Environmental, Social, and Governance (ESG) industries have offered numerous job opportunities to recent graduates, which helps buttress President Biden’s already nebulous claims of job growth under his economic policies. These positions, such as sustainability coordinators, DEI officers, and […]
U.S. House Judiciary Chairman Jim Jordan (R-OH), together with Republican North Carolina Rep. Dan Bishop and Republican Kentucky Rep. Thomas Massie, has issued letters to major international entities including the Glasgow Financial Alliance for Net-Zero (GFANZ) and asset management titans such as BlackRock, State Street, and Vanguard regarding their actions […]
Environmental, social, and governance (ESG) scoring systems have rapidly become one of the more polarizing issues in the United States. Over the past half-decade, the economies of most sovereign states—especially those in the Anglosphere—have been rapidly transformed, with wealth, power, and influence becoming increasingly concentrated in the hands of a […]
This article has been lightly edited from the original, authored by Simon Elmer at Off-Guardian.com The World Health Organization (WHO) s the One Ring to Rule them All, and its written goal, inscribed in fiery letters along both sides of its band, is the Pandemic Prevention, Preparedness and Response Treaty. […]
On Feb. 28, Sen. Chuck Schumer (D-N.Y.) wrote an impassioned appeal in The Wall Street Journal for Republicans to support environmental, social, and governance (ESG) scores because ESG ostensibly represents the free market at work, by offering investors more “choices.” Schumer appears to be deeply confused about how ESG operates. Or, more […]
The 2023 World Economic Forum (WEF) Annual Meeting in Davos has been heavily covered, for good reason. Beyond providing a physical meeting location for the world’s political, economic, and technocratic elite to execute their Great Reset of the entire planet’s social and economic infrastructure, the annual summit also provides a […]
Adding to the efforts of a multitude of states across the country, the U.S. House of Representatives will be taking the fight to environmental, social, and governance (ESG) scores. A press release on February 3 from House Financial Services Committee Chairman Patrick McHenry (R-NC) has announced the formation of a […]
Efforts to stem the tide of environmental, social, and governance (ESG) scores reached a zenith in 2022, due in large part to the actions of state financial officers and other state government officials. The State Financial Officers Foundation has been working to raise awareness on ESG investing and prevent it […]
As written in UnHerd, the exponentially increasing demand for environmental, social, and governance (ESG) ratings for companies has led to a parallel growth in data sweatshops across the globe. Data companies use artificial intelligence (AI) algorithms to process the vast amounts of data required to produce a company’s ESG score. […]
President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social and governance investing, which allows retirement fund managers to select stocks of companies based on their positions on […]
In recent months, several states have taken legislative, administrative, and/or regulatory steps to oppose the proliferation of environmental, social, and governance (ESG) investment metrics. On January 3, Kentucky officially joined the anti-ESG fray, when its treasurer, Allison Ball, released a list of 11 financial firms (BlackRock, Inc., BNP Paribas SA, […]
As environmental, social, and governance (ESG) scores have become the darling of the “sustainable investment” community, it is vitally important that those of us who oppose ESG are wary of the path forward. To simply invest in “anti-ESG” or “conservative” companies as a way of mitigating ESG’s influence would play directly into […]
There’s no such thing as blue money or red money. Only the green stuff will pay bills. Friday, North Carolina State Treasurer Dale Folwell became the latest of many officials from nearly half the states across the U.S. — including Florida, Texas, Kentucky, Missouri, Arizona and West Virginia — to […]
“Milton Friedman’s shareholder doctrine is dead.” Such was the headline of a 2020 Fortune magazine article critiquing Friedman’s famous New York Times opinion piece which, fifty years earlier, had argued that the social responsibility of business is to increase its profits. The Fortune article was just one of many op-eds, academic papers, and books penned over the past […]
Clearly, Florida Chief Financial Officer Jimmy Patronis is not a fan of BlackRock and its environmental, social, governance (ESG) investment program. In fact, Patronis is so concerned about BlackRock’s insidious ESG investment scheme that he has taken the monumental step of divesting $2 billion of the Sunshine State’s assets under […]
No doubt, the story of the rapid downfall of FTX is full of sensational headlines and salacious details. However, one of the more underreported aspects of FTX’s sudden and stunning collapse is the fact that it was a darling of the environmental, social, and governance (ESG) movement. In short, ESG […]
Environmental, social, and governance (ESG) scores are an insidious mechanism by which a cabal of ideologically aligned influential interests working through unelected supranational organizations are attempting to “reset” the global financial system to their advantage. At its core, this emerging design circumvents national sovereignty, free markets, and individual rights by […]
Environmental, social, and governance (ESG) scores are an insidious mechanism by which a cabal of ideologically aligned influential interests working through unelected supranational organizations are attempting to “reset” the global financial system to their advantage. At its core, this emerging design circumvents national sovereignty, free markets, and individual rights by […]
Environmental, social, and governance (ESG) scores are an insidious mechanism by which a cabal of ideologically aligned influential interests working through unelected supranational organizations are attempting to “reset” the global financial system to their advantage. At its core, this emerging design circumvents national sovereignty, free markets, and individual rights by […]
Environmental, social, and governance (ESG) scores are an insidious mechanism by which ideologically aligned influential interests represented by unelected supranational organizations are attempting to “reset” the global financial system to their advantage. This emerging design would circumvent national and individual sovereignty by altering traditional financial methods of assessing risk and […]
Sustainable investing has become one of the hottest new trends in the financial industry, corresponding to the increasing clamor for corporations and businesses to espouse more socially responsible principles. Environmental, social, and governance (ESG) scores are the primary mechanism by which these sustainability objectives have been institutionalized within our global […]
Environmental, social, and governance (ESG) scores are an insidiously envisioned mechanism by which ideologically aligned influential interests represented by unelected supranational organizations are attempting to “reset” the global financial system to their advantage. This emerging design would circumvent national and individual sovereignty by altering traditional financial methods of assessing risk […]
Over the past few months, more than a dozen attorneys general from throughout the nation have raised legitimate concerns about BlackRock’s crony capitalist investment scheme known as environmental, social, and governance (ESG) metrics. In fact, on August 4, 19 attorneys general signed a coalition letter stating, “BlackRock appears to use […]
Wall Street is known for characters like the real Jordan Belmont and fictional Gordon Gekko personifying greed. Yet today’s great Wall Street controversy involves putting societal values above profit. Environmental, Social and Governance investing, or ESG, raises significant issues regarding misuse of investors’ money. Some have long invested “responsibly.” A […]
Corporate Social Responsibility (CSR), Environmental, Social, and Governance (ESG) scores, and China’s latest totalitarian instrument, the Social Credit System (SCS), share significant commonality. Each system engenders the same erosion of individual liberty via the propagation of a singular “morality” unilaterally determined by an authoritarian overseer. That the governance structures surrounding […]
Sustainable investing has become the hottest trend in the global financial community, corresponding to the chorus of calls for businesses to be more “socially responsible.” Environmental, social, and governance (ESG) scores are the primary method by which a variety of actors—including international organizations, global political and economic elites, and Wall […]
Environmental, social, and governance (ESG) scores are the latest instrument by which a diverse group of influential global elites and international organizations are attempting to fundamentally restructure the global financial system and alter traditional methods of assessing financial risk. This attempted shift from “shareholder capitalism” to “stakeholder capitalism” hinges upon […]
Environmental, social, and governance (ESG) scores are the latest instrument by which a diverse group of influential global elites and international organizations are attempting to fundamentally restructure the global financial system and alter traditional financial methods of assessing risk. This attempted shift from “shareholder capitalism” to “stakeholder capitalism” hinges upon […]
For close to a century, Consumers’ Research (CR) has been looking out for the well-being of consumers. For much of its history, CR tested, rated, and reviewed a wide variety of consumer products, ensuring the products were safe and effective. However, in recent years, CR has pivoted to “examining the […]
Environmental, social, and governance (ESG) scores are the latest instrument by which a diverse group of influential global elites and international organizations are attempting to fundamentally restructure the global financial system and alter traditional financial methods of assessing risk. This attempted shift from “shareholder capitalism” to “stakeholder capitalism” hinges upon […]