ESG: Mixing Politics and Business Lowers Living Standards

[Epoch-Times-Bot]

ESG: Mixing Politics and Business Lowers Living Standards

Commentary
A recent PwC-sponsored article in a national newspaper proclaimed the “benefits” of employing self-styled experts in something called environmental, social, and governance (ESG) corporate disclosure. The firm warns not using their services may put executives offside with increasingly strict regulatory authorities, institutional investors, and politicians. Yet PwC's advertorial points create more questions than answers.
First, what is ESG?
"E" stands for environment, "S" for social justice, and "G" for corporate governance. ESG funds invest in companies that oppose conventional hydrocarbon energies, embrace unionization, and promote racial and gender equity over merit in staffing and board selection. It's essentially a back-door form of social credit scoring in which financial institutions invest in companies that incorporate an "uber progressive" left-wing policy agenda into their operations....

Source: ESG: Mixing Politics and Business Lowers Living Standards

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