Summary of Environmental, Social, and Governance (ESG) Criteria and the Reason for Corporate Wokeness
News and social media companies are built on advertising. For example, Fox News' and CNN's largest advertisers are pharmaceutical companies; criticism of vaccines puts these networks in conflict of their primary sources of revenue. Political opinions leverage the advertiser-media relationship. This has become a significant mechanism of cancel culture in terms of both people and ideas. In fact there are groups such as Media Matters that companies will rely on to score people, groups, and ideas in accordance to advertiser attractability. The establishment/elite in control of global monetary policy (seeking to maintain that status quo) use these indexes to influence the course of society in their favour. All of these global/large corporate companies are downstream of that system from which money flows.
Since the 1971 abolishment of the Bretton Woods system (the tying of currency to gold within 1 percent), most currencies became fiat currencies (where the value is regulated by governments and central banks). This has been exploited by shareholders controlling public companies. Central banks (i.e. the Federal Reserve or the Bank of Canada) loan money to banks and corporations at low, near-zero interest rates. The corporation/bank uses that low interest "free" money to buy back shares in their company, rising the value/price of the stock thereby making shareholders wealthy at the expense of the taxpayer since this wealth is not subject to corporate taxation.
Consumers support companies that connect with their idea of being a better person. Investors invest in low-risk companies. Companies espouse these messages to market their business to both consumers and investors with the aim of driving up share holder value. Companies hope to gaining popularity and support from the general public.
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Many mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices.
Therefore ESG (and before it DEI (Diversity, Equity and Inclusion), and now also SASB (Sustainability Accounting Standards Board)) is an arbitrary rating system calculated from a formula to measure a company's, for example, green agendas, or LGBT rights, or systemic racism, thereby receiving a higher investability score. Insurance companies and institutional investment firms steer away from anything that does not have the "right" ESG rating in order to continue investors’ interest in and perception of those companies’ stocks. Virtue signalling support in wokeness is cheap, efficient, and necessary to drive up ESG scores and thereby investor interest and confidence. It's very easy to change a profile picture, market some messages, and fly some flags.
Therefore companies that do not submit to the dominant, promoted ideologies are not supported by the monetary system, and companies that do are. This is a control mechanism that is being implemented throughout all corporations worldwide and is steering the course of society.
Very concerning how little all this is talked about relative to how much of a role it plays in our society. Also concerning is how these players want to silence and cancel free thinkers like Joe Rogan who will talk about and expose these things they want kept a secret.
Summary of Environmental, Social, and Governance (ESG) Criteria and the Reason for Corporate Wokeness
News and social media companies are built on advertising. For example, Fox News' and CNN's largest advertisers are pharmaceutical companies; criticism of vaccines puts these networks in conflict of their primary sources of revenue. Political opinions leverage the advertiser-media relationship. This has become a significant mechanism of cancel culture in terms of both people and ideas. In fact there are groups such as Media Matters that companies will rely on to score people, groups, and ideas in accordance to advertiser attractability. The establishment/elite in control of global monetary policy (seeking to maintain that status quo) use these indexes to influence the course of society in their favour. All of these global/large corporate companies are downstream of that system from which money flows.
Since the 1971 abolishment of the Bretton Woods system (the tying of currency to gold within 1 percent), most currencies became fiat currencies (where the value is regulated by governments and central banks). This has been exploited by shareholders controlling public companies. Central banks (i.e. the Federal Reserve or the Bank of Canada) loan money to banks and corporations at low, near-zero interest rates. The corporation/bank uses that low interest "free" money to buy back shares in their company, rising the value/price of the stock thereby making shareholders wealthy at the expense of the taxpayer since this wealth is not subject to corporate taxation.
Consumers support companies that connect with their idea of being a better person. Investors invest in low-risk companies. Companies espouse these messages to market their business to both consumers and investors with the aim of driving up share holder value. Companies hope to gaining popularity and support from the general public.
Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Many mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices.
Therefore ESG (and before it DEI (Diversity, Equity and Inclusion), and now also SASB (Sustainability Accounting Standards Board)) is an arbitrary rating system calculated from a formula to measure a company's, for example, green agendas, or LGBT rights, or systemic racism, thereby receiving a higher investability score. Insurance companies and institutional investment firms steer away from anything that does not have the "right" ESG rating in order to continue investors’ interest in and perception of those companies’ stocks. Virtue signalling support in wokeness is cheap, efficient, and necessary to drive up ESG scores and thereby investor interest and confidence. It's very easy to change a profile picture, market some messages, and fly some flags.
Therefore companies that do not submit to the dominant, promoted ideologies are not supported by the monetary system, and companies that do are. This is a control mechanism that is being implemented throughout all corporations worldwide and is steering the course of society.
Very concerning how little all this is talked about relative to how much of a role it plays in our society. Also concerning is how these players want to silence and cancel free thinkers like Joe Rogan who will talk about and expose these things they want kept a secret.