The ESG investment backlash is beginning to have an impact | FT Moral Money

Over the past couple of years, ESG investment has taken the financial and corporate world by storm, but now, an ESG backlash is gathering steam. The FT’s Gillian Tett explains that while much of this criticism has come from the American right, it’s not just conservative politicians criticising the ESG agenda, and these complaints are having an impact.

#esg #investing #politics


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[elpsykongroo]

In short "They have caught on to our scam...it's time to change our terms if we wish to keep the scam running"

[sterlingbradford]

What an unbiased video haha… these people are so angry you can feel it.

[kofiamoako]

What an unbiased opinion on the matter😂

[joejanczak]

Odd how FT points fingers at conservatives and labels them as "right wing." But FT doesn't label the views on the left socialists as leftists or other labels.

[noremac]

ESG is a corporate social credit system, and will then be rolled out as a personal social credit system…with full control of people’s lives
Just a matter of time

[icywindow]

Keep the pressure on ESG. They won't stop their agenda, so we gotta hit em where it hurts. The pocket!

[freds]

How outragous those voters elected politicians that disagree with a CEO whose clout comes from voting shares held in street name. Who elected Larry Fink, or 'gvoernment regulators'?

[Abelone-Alvilda]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[BimsaraHerath]

*"Sponsored by Bain and Co."* 🤣🤣

[claypoole]

Calling Tucker Carlson...
1. Controversial
2. Right Wing

Made me laugh like crazy. Drop all the false pretenses about all of this. The media is the one corporate industry that has been allowed to print complete lies and get away with it.

Start calling ESG by what it really is...

#JustAnotherSocialCreditScore

[fluffybunny]

You are missing a major criticism point. Being against the ESG label is not necessarily being against its ideas. The problem with ESG is that it is a non-standardized label and thus just confusing the more conscious investors. This is a deliberate situation as most companies prefer it this way since it allows for “green” washing their activities. ESG needs an internationally recognized standardized certification granted, controlled and enforced by independent institutions. Furthermore, there needs to be different ESG classification as the focus can differ from ecological, gender, social and other “norms”. The term ESG at the moment is utterly pointless devoid of any clear meaning. Without fixing the mentioned issue ESG is nothing more then just a marketing tool to fool the consumers.

[ogChaaka]

SriLanka had the highest ESG score on earth.
That turned out nicely.

[wesleysanders]

there are other issues: ESG - why should these letters be lumped together? Many would choose to focus on one or another of these metrics instead of a hodge podge of all of them which muddies the picture.

[brianshea]

Corporate America must dump ESG Design now ! ! !

[heijd]

Companies do not have a fiduciary duty to maximize returns. They have a fiduciary duty to serve the interest of their shareholders. Whether that is maximizing returns or ESG related is up to the shareholders to vote on.

[quincyjackson]

Capital investments and future loans shouldn't be given on subjective values and scoring. States should ban the scoring and shame pro esg companies and pro esg legality into suicide.😊

[henryjames]

Some of us poor people just want the best return for our retirements and cant take a ESG risk let the rich do that thru innovation

[Safe-and-effective]

The chinese social credit score system applied not to individuals but to companies, through the lens of Western neomarxists. Yeah, I wonder why there would be a backlash against it. Nice unbiased reporting there, FT.

[phizzhead]

Change the E in the score to measure how effeciently a company uses raw materials and energy, the S to be based on customer satisfaction with the company, and the G to be a score for employee satisfaction.
This new metric would be good information for a investor (if the employees are happy, the customers are happy, and the buisness is not being wasteful(not at risk of running out of critical resources), and the balance sheet is showing profit, this new metric would be superior to esg (and a index with compines scored with my new metric would likely be good investments)

[douglasengle]

Corporations like ESG criteria because it provides solid accounting like qualifying of their community building endeavors. In theory a good part of ESG should steer the corporation presence to minimally burden society while striving to improve it besides providing a tax base and employment for the greater community. ESG with Woke politics and carbon dioxide global warming fraud, (earth's greenhouse effect is held at saturation by water vapor, increasing greenhouse gas concentrations can't make it go any higher and that is the only place greenhouse gas behavior is active) has turned ESG into a destructive force to the greater social good.