ESG (environmental social governance) is a fraud

Towgunner

Kingfisher
ESG stands for environmental social governance. ESG is all the rage right now in the financial services community. Flagship mutual funds once called things like Magellan are now ESG funds. I can't seem to make any sense out of this and many of my peers in this industry can't either. ESG is a metric that many companies are now being held too. For instance, if a company's ESG score isn't sufficient, it will not be included in a stock screen and therefore will not be considered by investors as a possible investment. Said company won't even hit the radar. It sounds simple enough. Environmental - green shit. Social - what you'd expect and dread, equality, women, minorities, homosexuals. Governance? ? Don't know, perhaps the internal policies are in place to execute on all this shit. Thing is, environmental shit tends to be expensive. Social shit means you do not hire the most qualified people. Governance, if I'm right, is likely authoritarian. What gets me is this...none of those things optimizes profitability, which is the only thing that matters to a company and to an investor. ESG is, therefore, a perversion. It would channel capital to companies that might be ESG compliant, but, since ESG compliant is not the same as optimized profitability, chances are high that capital would be misallocated. Since this is being done at a systemic level, valuations for lessor companies will rise and ones that are not included, but, may have a more optimized profitability model would have less capital investing in it and, therefore, under valued. An investor has one job - sustaining capital and growing it. You grow capital by making wise investments. A wise investment is a company that is profitable. ESG is not a marker of profitability. Its more of a PR window dressing virtual signalling bullshit. Most people get this. But major funds are investing huge sums of money to better measure a company's ESG score.

Its simply all bullshit. Once more, where the fuck does wall street, of all places, get off lecturing anyone about "morality"?
 

The Resilient

Ostrich
Orthodox
RE: ESG is a fraud

Ah, the stock market doing well, and Trump doing his best to keep a watchful eye on the Federal reserve....

Looks like it's time to change the normal rules to benefit the elites. I wonder how QAnon types are going to spin this...

My bets are, they don't and won't.
(((QAnon))) is a joke too.

The whole ESG score thing sounds scary for people with money heavily tired into stock markets.

Is crypto better ?

I'm not going to act like I know what I'm talking about in regards to market trends and investing. I sure as shootin don't
 

Leonard D Neubache

Owl
Gold Member
RE: ESG is a fraud

Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.
 

It_is_my_time

Crow
Protestant
RE: ESG is a fraud

Leonard D Neubache said:
Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.
 

The Resilient

Ostrich
Orthodox
RE: ESG is a fraud

It_is_my_time said:
Leonard D Neubache said:
Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.



You thinking the Western financial collapse will be due to fat cat stock traders in America and their greed ?

What system would we go to replace fiat usury based capitalism. What about gold backed or silver backed usury based capitalism ?
 

It_is_my_time

Crow
Protestant
RE: ESG is a fraud

pitbullowner said:
It_is_my_time said:
Leonard D Neubache said:
Capital is condensed enough now that they (believe they) no longer have to care about profitability. This ESG stuff ties in nicely to the globalist satanic world order. With a system like this they can kill competitors in their infancy, particularly because the metrics used to determine ESG ratings can be rigged or simply enforced selectively.

This is another neat prison wall being dropped into place.

Yep, "woke capital", such as Gillette and their anti-male advertising for their male products, is possible because capitalism has reached its finally point...

a few elites own it all and anyone who challenges their authority will be squashed in the "open market".

Try to challenge them, build a better product for less money, and they can squash you in endless frivolous lawsuits and denial of capital (usury) to expand your business.

The question still remains. Can you have capitalism without usury? I don't believe you can. And if you can't have capitalism without usury then you cannot prevent this becoming the eventual end to it all.



You thinking the Western financial collapse will be due to fat cat stock traders in America and their greed ?

What system would we go to replace fiat usury based capitalism. What about gold backed or silver backed usury based capitalism ?

I personally think the system collapses when those in charge decide they no longer need the USA (they have infiltrated their next target) and decide to leave us high and dry. I don't know if that is soon or decades from now, but I think they can keep this circus going for a while if they desire.

I don't know the best system, I haven't done the research. I only recently realized capitalism alone is not the answer. If you have to "grow" your economy through usury, it will always end up in the mess we have now across the west. A hostile elite attacking the people to drain more of their resources.
 

Paracelsus

Crow
Gold Member
RE: ESG is a fraud

Calm down, lads. Why are you getting upset about the fact Wall Street is now giving you a precise acronym and even a rating for how solid a prospect that stock is to be shorted?

This is get woke, go broke in another form; Wall Street stocks rarely if ever expressed the underlying truth of a company's profitability, but this sure gives you an indicator for which companies are results-oriented and which are process-oriented bureaucracies run by empty suits. This is basically creating a Morlock and Eloi distinction in stocks, the cute part being that when everything goes tits-up, the Morlock stocks are more likely to survive and remain profitable.
 

Leonard D Neubache

Owl
Gold Member
RE: ESG is a fraud

There are lots of kinds of capital.

People complaining about socialism don't understand that a vote is a form of capital.
People complaining about disorder don't understand that violence is a form of capital.
 

muscacav

Woodpecker
Trad Catholic
Voxday on ESG: https://voxday.net/2022/08/15/esg-will-break-corporations/


ESG Will Break Corporations​

The use of Environmental, Social and Corporate Governance loans is almost certainly guaranteed to backfire on the corporations that are taking advantage of them.

The term “ESG” was originally coined by the United Nations Environment Program Initiative in 2005, but the methodology was not fully applied to the corporate world until the past six years when ESG investment skyrocketed.

ESG is about money; loans given out by top banks and foundations to companies that meet the guidelines of “stakeholder capitalism.” Companies must show that they are actively pursuing a business environment that prioritizes woke virtues and climate change restrictions. These loans are not an all prevailing income source, but ESG loans are highly targeted, they are growing in size (for now) and they are very easy to get as long as a company is willing to preach the social justice gospel as loudly as possible.

Deloitte’s Insights studies show that ESG assets compounded at 16% p.a. between 2014 and 2018, now account for 25% of total market assets, and they believe that ESG could account for 50% of market share globally by 2024.

These loans become a form of leverage over the business world – Once they get a taste of that easy money they keep coming back. Many of the loan targets attached to ESG are rarely enforced and penalties are few and far between. Primarily, an ESG funded company must propagandize, that is all. They must propagandize their employees and they must propagandize their customers. As long as they do this, that sweet loan capital keeps flowing.

It’s enough to keep corporations addicted, but not enough to keep them satiated. Diversity hiring quotas based on skin color and sexual orientation rather than merit help make the overlords happy. Pushing critical race theory smooths the way for more cash. Carbon controls and climate change narratives really makes them happy. And, promoting trans-trenders and gender fluidity makes them ecstatic. Each participating company gets it’s own ESG rating and the more woke they go, the higher their rating climbs and the more money they can get.
However, this sort of loan for something that is guaranteed to reduce a corporation’s actual business revenue is also guaranteed to harm the corporation over time. Look at Marvel, for example. Money flowing in from ESG loans might pay for blackwashing and transgendering its heroes, but it can only replace the sales revenues being lost for a limited time.

And unlike sales revenues, loans eventually have to be repaid. Even if the converged banks write off the initial loans, eventually they will want to collect their pound of flesh, the cost of which can only increase as interest rates rise from their historic lows.

ESG is the sort of thing that requires free money to implement, and it is a particularly pernicious form of corporate cancer. It’s only a hypothesis at this point, but one might well build a successful investment strategy around the knowledge that the more ESG money a corporation takes, the more likely it is that the corporation’s sales are falling.
 

budoslavic

Eagle
Orthodox
Gold Member
After a six year hiatus, Clinton Global Initiative criminal enterprise is now back into operation.

‘We Will Not Back Down’: Major CEO Claims ‘Anti-Woke Backlash’ Is ‘Incredibly Dangerous For The World’​

Unilever CEO Alan Jope declared his company would “not back down” on Environmental, Social and Corporate Governance (ESG) issues during a Tuesday forum at the Clinton Global Initiative.

“In 1939, George Orwell wrote that we have sunk to such depths that stating the obvious is the first responsibility of every person and he was talking about a book on power written by Bertrand Russell,” Jope told former President Bill Clinton, according to video posted to Twitter by Will Hild of Consumers First. “But it applies to today, because stating the obvious, that we have an emergency, we have a climate emergency, is becoming an unpopular thing to do.”

“This anti-sustainability backlash, this anti-woke backlash is incredibly dangerous for the world,” Jope continued. “And the first thing Unilever will do is we will not back down on this agenda despite these populist accusations.”

Jope’s remarks came as part of a panel that also included Clinton, BlackRock CEO Larry Fink and Sustainable Energy for All CEO Damilola Ogunbiyi. BlackRock reportedly uses its investments to push companies to adopt ESG, with Fink calling for changes to the charters of the International Monetary Fund and World Bank to support ESG.

The ESG framework pushes companies to prioritize social and environmental factors into their investment considerations instead of “simply considering the potential profitability,” according to Investopedia. Critics of ESG and other “woke” agenda items have pointed to crises in Ghana, where blackouts took place, and Sri Lanka, which suffered an agricultural crisis, as reasons to oppose the agenda.

“At the moment, we’re consistently reporting financial metrics around the world, but we’re at great danger right now of fragmenting the reporting of non-financial metrics,” Jope said, calling for mandatory reporting on ESG metrics, according to a video posted on Twitter.

During the panel, Clinton and Fink labeled ESG opponents as “climate change deniers,” Hild posted.


Below video clips are related to the above mentioned article.





 
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