I worked for several decades for a company that was fully bought into the ESG bullshit from the top on down, and everything in this article is precisely correct. One of the ways companies obscure the effect ESG is having is by lumping in those initiatives with other, larger and more profitable ones, then linking the growth of those overa…
I worked for several decades for a company that was fully bought into the ESG bullshit from the top on down, and everything in this article is precisely correct.
One of the ways companies obscure the effect ESG is having is by lumping in those initiatives with other, larger and more profitable ones, then linking the growth of those overall portfolios to ESG...when in reality, the ESG pieces are optimistically a neutral contributor, but in many instances actually a drag on performance.
ESG also only cares about the simple, low-hanging fruit of the social change piece. BLM, female advancement in the western world, etc. But, you will never hear them, ever, talk about the Uighur Muslims in China (who constitute a critical part of nearly any company’s supply chain, which is involved in ESG), gay people in the Middle East, etc. They are completely silent about these things because it will cost them a dollar in revenue.
Principles, my ass...ESG can not die a more deserved, painful, and caterwauling death.
I wrote an article about the UN human rights report on the treatment of the Uighur Muslims here, called, The Woke Approved Genocide.
I worked for several decades for a company that was fully bought into the ESG bullshit from the top on down, and everything in this article is precisely correct.
One of the ways companies obscure the effect ESG is having is by lumping in those initiatives with other, larger and more profitable ones, then linking the growth of those overall portfolios to ESG...when in reality, the ESG pieces are optimistically a neutral contributor, but in many instances actually a drag on performance.
ESG also only cares about the simple, low-hanging fruit of the social change piece. BLM, female advancement in the western world, etc. But, you will never hear them, ever, talk about the Uighur Muslims in China (who constitute a critical part of nearly any company’s supply chain, which is involved in ESG), gay people in the Middle East, etc. They are completely silent about these things because it will cost them a dollar in revenue.
Principles, my ass...ESG can not die a more deserved, painful, and caterwauling death.
I wrote an article about the UN human rights report on the treatment of the Uighur Muslims here, called, The Woke Approved Genocide.
https://www.gordoncomstock.com/p/the-woke-approved-genocide
Spot-f’ing-on!
Did your company measure your ESG score, comrade? Here are ways you can boost your score and become an ESG/DEI commissar: https://yuribezmenov.substack.com/p/how-to-raise-your-esg-score
Yes, they did (and do) have an ESG scorecard