ESG is about control. It's about controlling the winners and losers commercially by affecting an organizations ability to secure working capital. The vagaries are a ticket for market makers like BlackRock and their ilk to select and deselect those who can play - skewed heavily toward large centralized businesses that take near-term losse…
ESG is about control. It's about controlling the winners and losers commercially by affecting an organizations ability to secure working capital. The vagaries are a ticket for market makers like BlackRock and their ilk to select and deselect those who can play - skewed heavily toward large centralized businesses that take near-term losses as the ESG requirements put smaller players out of business. At which point they re-coup their lost lower margins (note: not losses) in orders of magnitude. Notice how BlackRock demands "visibility" down to tier 3, 4 and 5 suppliers with punitive consequences if they are not held to ESG standards - while at the same time invests over a billion in China - a sovereign sustainability nightmare
ESG is about control. It's about controlling the winners and losers commercially by affecting an organizations ability to secure working capital. The vagaries are a ticket for market makers like BlackRock and their ilk to select and deselect those who can play - skewed heavily toward large centralized businesses that take near-term losses as the ESG requirements put smaller players out of business. At which point they re-coup their lost lower margins (note: not losses) in orders of magnitude. Notice how BlackRock demands "visibility" down to tier 3, 4 and 5 suppliers with punitive consequences if they are not held to ESG standards - while at the same time invests over a billion in China - a sovereign sustainability nightmare