What is ESG?
ESG stands for environmental, social, and governance.
ESG describes a set of standards the far-left imposes on companies to advance climate and/or social justice issues. Overall, ESG describes politically driven investing.
How does ESG investing work?
ESG investing puts money in banks and investment funds based on their political agendas. ESG proponents are often corporate- left elites who base their decision-making on adherence to an unpopular and radical agenda.
What types of ESG elements are included in the investment decision-making?
Today, “ESG scores” force companies to give in to the Left’s demands, disadvantaging small businesses that can’t compete with mega-corporations.
See the problem?
ESG investing prioritizes far-left, ‘woke’ policy and other non-financial factors as part of the decision to invest in a company.
States can push back against ESG to protect prosperity for the residents
- Give state treasurers authority over contracts with ESG financial institutions that boycott fossil fuel while giving state attorneys general authority to investigate those institutions.
- Ban ESG investing in state and local pensions, state contracts, and publicly funded postsecondary education.
- Strengthen ethics codes for advisors who are not transparent with investors about politically motivated investing.