« previous next »
Pages: [1]   Go Down

Author Topic: Bloomberg and NewsBusters Show ESG Is Neither Virtuous Nor Profitable  (Read 319 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 177,162
Bloomberg and NewsBusters Show ESG Is Neither Virtuous Nor Profitable
« on: October 02, 2022, 09:39:21 am »
Bloomberg and NewsBusters Show ESG Is Neither Virtuous Nor Profitable
By Linnea Lueken -September 30, 20220
 

A recent Bloomberg article, covered by NewsBusters, shows the Environmental, Social, and Governance (ESG) investment trend that has gained popularity in the business world in the last few years is not a profitable bet for investors, nor will it guarantee any of the environmental promises made. The Bloomberg analysis shows that the “woke” ESG movement is a scam.

The NewsBusters article, “Bloomberg Columnist Smacks ‘Apostles’ of Woke ESG Movement,” describes the paywalled Bloomberg piece, agreeing with the position of writer Adrian Wooldridge. NewsBusters says that Wooldridge “blasted the ESG movement and its super-woke cousin, the diversity, equity, and inclusion movement (DEI).”

The two movements “powered leftist investment giants like BlackRock Inc., State Street Corp., and Vanguard Group Inc. “

https://climaterealism.com/2022/09/bloomberg-and-newsbusters-show-esg-is-neither-virtuous-nor-profitable/
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline The_Reader_David

  • Hero Member
  • *****
  • Posts: 1,759
Re: Bloomberg and NewsBusters Show ESG Is Neither Virtuous Nor Profitable
« Reply #1 on: October 02, 2022, 09:24:24 pm »
The point of ESG, DEI, carbon neutrality targets and the like is to free professional managers from the need to actually deliver shareholder value and let them pay each other fat salaries and bonuses for meeting easier to meet targets unrelated to profitability.  They are plainly not virtuous as they are cover for the theft of assets that properly belong to the shareholders. 
Logged
And when they behead your own people in the wars which are to come, then you will know what this was all about.
Pages: [1]   Go Up
« previous next »