ESG: The Merger of State and Corporate Power

via Epoch Times

In 2022, in the midst of a recession, record inflation, and a tumbling stock market, a corporate ideology known by the acronym ESG emerged from obscurity to become a headline topic. It has been called everything from a risk-management tool and a movement for a cleaner, more just world, to a “con,” a “fraud,” and even—in an Elon Musk tweet—“the devil incarnate.”

The term itself is opaque; ESG brings environmental, social, and governance causes together under one umbrella. The environmental component includes things like transitioning from fossil fuels to wind and solar energy, and from gasoline-powered cars to electric vehicles.

The social component includes racial and gender equity, diversity training for employees, economic equity, and gun control. The governance component focus on how companies are run and includes racial and gender quotas for corporate boards, management, and staff, and—in the case of Exxon—putting green energy advocates on the board.

The Origins of ESG Ideology

The ESG movement is a derivative of the United Nations Sustainable Development Goals (SDGs). There are 17 SDGs in all, ranging from “no poverty, zero hunger, and good health” to “responsible consumption and production” and “peaceful and inclusive societies for sustainable development.”

In 2019, the World Economic Forum (WEF), an annual gathering of the world’s most powerful political and corporate leaders in Davos, Switzerland, signed a strategic partnership with the U.N. to advance the SDGs throughout the corporate sector. Led by founder and chairman, Klaus Schwab, the WEF issued the “Davos Manifesto 2020: The Universal Purpose of a Company in the Fourth Industrial Revolution.”

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By Published On: November 14, 2022Categories: UncategorizedComments Off on ESG: The Merger of State and Corporate Power

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About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

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