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New Discourses

The Real Threat of ESG

Jul 13, 2023
18:36

Podcast summary created with Snipd AI

Quick takeaways

  • ESG scoring allows a small group of unaccountable executives to wield tyrannical power over corporations and individuals.
  • ESG's arbitrary and capricious nature empowers individuals to enforce their ideologies without accountability, stifling dissent and imposing their beliefs.

Deep dives

The Origins and Purpose of ESG

ESG stands for environmental, social, and governance scoring. It originated at the United Nations as a way to leverage passive investment money for impact investing, investing in companies that promote environmental and social activism. The pretext for ESG was managing long-term investments and avoiding risks associated with environmental policies, social responsibility, and governance models. However, it quickly became captured by large passive investment firms and organizations like BlackRock and Vanguard, leading to the promotion of woke identity politics and environmental extremism within ESG.

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