ESG Score

[1DOWN4UP]

How to Calculate Your Individual ESG Score

ESG issues and corporate behavior have been on the docket for quite some time. Not only do stakeholders pay attention to the company's effects on the environment, but third parties and even the government are

theimpactinvestor.com

 

[1DOWN4UP]

Get Woke, Be Downgraded?

BlackRock Inc. is the world's largest investment company. It has also been the leader in ESG (environmental, social, governance) investing--i.e., prioritizing a left-wing agenda over shareholder returns. It seems, finally, that BlackRock's political agenda is dragging the company down: Brennan...

www.powerlineblog.com

 

[GodFearinGunTotin]

How to Calculate Your Individual ESG Score

ESG issues and corporate behavior have been on the docket for quite some time. Not only do stakeholders pay attention to the company's effects on the environment, but third parties and even the government are

theimpactinvestor.com

Mark of the beast. Maybe not biblically but same effect.

 

[Ingomike]

Mark of the beast. Maybe not biblically but same effect.

Much in the Bible is metaphorical not literal…

 

[BigRed]

**** these ********

 

[Leadeye]

Maybe when they lose most of thier investors money, but tell them that they have a high ESG score it will console them.

 

[jwamplerusa]

Indiana's attorney general appears to be attacking the ESG bunch directly. Today this press release was issued

"Attorney General Todd Rokita investigates six major banks over ESG investing as part of 20-state coalition

Attorney General Todd Rokita announced today that Indiana and 19 other states have served six major U.S. banks with civil investigative demands, which act as a subpoena, seeking documents related to the companies’ involvement with the United Nations’ (UN) Net-Zero Banking Alliance (NZBA

NZBA-member banks must set emissions reduction targets in their lending and investment portfolios to reach net zero by 2050. The banks under investigation are Bank of America; Citigroup; Goldman Sachs; JP Morgan Chase; Morgan Stanley; and Wells Farg

“These banks appear to be colluding with the UN to destroy American companies that specialize in fossil fuels or otherwise depend on them for energy,” Attorney General Rokita said. “They are pushing an investment strategy designed not to maximize financial returns but to impose a leftist social and economic agenda that cannot otherwise be implemented through the ballot box

The apparent conspiracy among the banks represents yet another scheme reflective of so-called “ESG investing” — an approach that purports to prioritize environmental, social, and governance issues over profit."

Personally I love this. The states need to take control back from the federal government in accordance with the 9th and 10th amendments and the preamble to the Bill of Rights. Cut the federal government's support off for this sort of thing. Better yet find a way to charge them under the RICO statutes.

 

[bwframe]

Indiana's attorney general appears to be attacking the ESG bunch directly. Today this press release was issued

"Attorney General Todd Rokita investigates six major banks over ESG investing as part of 20-state coalition

Attorney General Todd Rokita announced today that Indiana and 19 other states have served six major U.S. banks with civil investigative demands, which act as a subpoena, seeking documents related to the companies’ involvement with the United Nations’ (UN) Net-Zero Banking Alliance (NZBA

NZBA-member banks must set emissions reduction targets in their lending and investment portfolios to reach net zero by 2050. The banks under investigation are Bank of America; Citigroup; Goldman Sachs; JP Morgan Chase; Morgan Stanley; and Wells Farg

“These banks appear to be colluding with the UN to destroy American companies that specialize in fossil fuels or otherwise depend on them for energy,” Attorney General Rokita said. “They are pushing an investment strategy designed not to maximize financial returns but to impose a leftist social and economic agenda that cannot otherwise be implemented through the ballot box

The apparent conspiracy among the banks represents yet another scheme reflective of so-called “ESG investing” — an approach that purports to prioritize environmental, social, and governance issues over profit."

Personally I love this. The states need to take control back from the federal government in accordance with the 9th and 10th amendments and the preamble to the Bill of Rights. Cut the federal government's support off for this sort of thing. Better yet find a way to charge them under the RICO statutes.

 

[ghuns]

Bump...

Ask yourself why Anheuser-Busch or Nike would make a flaming gay dude who dresses like a woman the face of their company.

Won't this alienate large swaths of their customer base? Yes. But they don't care.

It's all about pumping up their ESG score.

 

[GodFearinGunTotin]

Bump...

Ask yourself why Anheuser-Busch or Nike would make a flaming gay dude who dresses like a woman the face of their company.

Won't this alienate large swaths of their customer base? Yes. But they don't care.

It's all about pumping up their ESG score.

This is true. You know why else they do it? Because the left organizes better. We meme better but we simply don’t organize and act as cohesively as they do. We’ll still buy our Natty Lites and our Nike appearal (especially if it has our favorite sports team on it). They won’t feel our wrath.

 

[HKFaninCarmel]

Some good news...

 

[Twangbanger]

Aand that's part of the reason why we need the "Green New Deal." To make sure revenue continues to flow to companies with high ESG scores, so they continue to make an attractive addition to institutional retirement portfolios (think teachers, Unions, etc.).

I'm not a Finance ace, but suspect that even if the underlying positions lose money, whoever is managing the retirement portfolios of these institutions can probably still make money off management fees, if their market share of "woke" institution fund management increases significantly, especially if this is happening while the rest of the market is also losing money in a secular downturn. The profitability of fund management isn't 100% driven by performance of the underlying positions. It's probably also driven somewhat by market share. If everybody is losing, but you're getting an increasing share of the fund management pie, that counts for something. As long as you don't underperform too badly, at the macroscopic level, large fund management is probably approximately like selling insurance.

Underperforming an Index isn't really a "thing" if everyone in the Index is equally "woke" and performing roughly equally.

 

[INP8riot]

 

[Ingomike]

BlackRock Hit With Cease and Desist Order Over 'Untrue Statements' About ESG Investments

townhall.com

 

[Ingomike]

Did You Know That You Have an ESG Score and it Can Be Used Against You?

hotair.com

How to Calculate Your Individual ESG Score

ESG issues and corporate behavior have been on the docket for quite some time. Not only do stakeholders pay attention to the company's effects on the environment, but third parties and even the government are

theimpactinvestor.com