Originally Posted by RckyMtHigh

It’s always about money. Getting a positive ESG (Environmental, Social, and Governance) rating on your stock taps you into a multi billion dollar investment market. It’s so important to the left that Biden used the first veto of his Presidency in order to protect a rule that says fund managers must use ESG factors within the context of what is in investors’ best interests (for federal workers). Not exclusively, but it’s part of the formula. With the personal fortune of many corporate executives (including ours) is directly tied to a positive ESG rating, is it any wonder why the DEI push is happening across corporate America? Don’t think it’s because they actually care or believe the words they’re saying​​​​​. It’s the stock price.

In my opinion, ESG ratings are an example of something that started out positive but turned. I don’t really want my investment dollars going to Phillip Morris or a strip mining operation. The problem is that the rating process is unregulated and has been co-opted by the left to push agendas that aren’t necessarily in the company’s or investor’s best interest, but they in effect must comply with anyway.