ESG stands for "Environmental, Social, Corporate Governance" and has been likened to a globalized Social Credit Scoring system for business.
"The story of ESG investing began in January 2004 when former UN Secretary General Kofi Annan wrote to over 50 CEOs of major financial institutions, inviting them to participate in a joint initiative under the auspices of the UN Global Compact and with the support of the International Finance Corporation and the Swiss Government. The goal of the initiative was to find ways to integrate ESG into capital markets."
"We invite financial institutions to expand the scope of ESG integration in research to other asset classes impacted by ESG factors, beyond equity." Beyond equity implies a rating system for bonds, corporate debt and other financial instruments.
"We encourage analysts to further advance the development of valuation methodologies to better deal with qualitative information and uncertain impacts related to ESG issues.
"Financial analysts should improve their understanding and integration of ESG issues in emerging markets research.
With the stroke of a pen then can upgrade or downgrade a company according to its ESG compliance, but no two analysts would likely come to the same exact conclusion.
Stock exchanges could include ESG criteria in listing particulars for companies.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Thursday, March 3, 2022
ESG Scoring Drives Companies Into Sustainable Development, Aka Technocracy
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