ESG, (Equity, Societal and Governance) is a set of “woke” considerations, a set of factors, used to measure the non-financial impacts of particular investments and companies. They emphasize issues that are championed by the far Left including racial hiring quotas, equity of outcome vs equal opportunity, and climate change among others. Some people believe these considerations should be included in a measurement of corporate, (and soon to be individual) worthiness. Many people disagree and believe these considerations affect performance negatively. Consequences for “poor” scores would include limitation of investment services, funding, access to markets, products and countless others.
Similar to ESG, is DEI, (Diversity, Equity and Inclusion). Both are becoming very common characteristics of investment vehicles such as investment fund companies like Blackrock, Vanguard, Fidelity and others. If you don’t want your savings used to support these types of initiatives, you need to look closely at your investment portfolio and speak with your advisor.
Understand why “woke” investing is such a bad idea…
The ESG Movement Is Even Worse Than You Think | Human Events | humanevents.com
One tool that might be of some help in this examination is the Coporate Bias Rating provided by 1792 Group. Find it here…