ESG Scores

Another way to control us. Part 1

As far back as 2017 I have posted article exposing the slow, quiet, deliberate, intentional, Satan inspired slide into darkness infiltrating areas that affect Christians in both the spiritual and non-spiritual arenas. Articles on subjects like the movement toward a “One World Government, One World Church, Resisting the Growing Influx of False Teachers, and that Truth Does Matter.”

Well, I have another growing trend for us to think about that involves both our spiritual and non-spiritual life and another one that we should take seriously.  It is called ESG or ESG Scores. What is ESG Scores? According to Market Business News; “The Environmental Social and Governance factors are a subset of non-financial performance indicators which include ethical, sustainable, and corporate governance issues such as making sure there are systems in place to ensure accountability and manage the corporation’s carbon footprint.” It is a number (or score) affixed to an organization based on how they perform within compliance to environmental, social and governmental standards that are set.

Where did ESG come from? “The UN makes it official; A 2004 report from the United Nations – titled Who Cares Wins – carried what is widely considered the first mainstream mention of ESG in the modern context. This report leaned in heavily, encouraging all business stakeholders to embrace ESG long-term. Managers, directors, investors, analysts, brokers – the report addressed them all. These developments coincided with increased international attention on the same issues. Rapidly, people cared more about sustainability, respect and diversity in the workplace. Campaigns on these issues haven’t waned since.”

The first group to coin the phrase ESG was the United Nations Environment Program Initiative in the Freshfields Report in October 2005.

Who is involved with ESG scoring? Many companies and the list is rising. More than 90 percent of S&P 500 companies now publish ESG reports in some form, as do approximately 70 percent of Russell 1000 companies. In a number of jurisdictions, reporting ESG elements is either mandatory or under active consideration. In the United States, the Securities and Exchange Commission (SEC) is considering new rules that would require more detailed disclosure of climate-related risks and greenhouse-gas (GHG) emissions. Additional SEC regulations on other facets of ESG have also been proposed or are pending.”

So called benefits of being involved with ESG Scoring;

“Banks, as well as investors, also pay attention to the harmonisation with the ESG criteria and gladly invest in projects by such enterprises. Responsible companies thus have much easier access to financing, as they attract investors who focus on sustainable and responsible investments and clearly defined ESG strategies and goals.”

Note; Many banks Have Promised to Use ESG to Fight Climate Change throughout All of Their Portfolios and Business Activities

Investor preference;

This indicates that investor’s trust companies with high ESG scores more in terms of value recognition, corporate risk response capabilities, and investment return prospects.

Improving corporate image;

Implementing ESG may quantify the good environmental, social and corporate governance impact of corporates, attracting investments, human resources and consumers. Achieving high ESG scores allows companies to have objective benchmarks and better ESG performance claims among their peers.”

Is being involved with having a good ESG Score as great as they make it out to be?

No, all is not rosy in the corporate and financial world when incorporating the ESG program into your organization.

“The Harvard Business Review exposes some dark facts about ESG.

To begin with, ESG funds certainly perform poorly in financial terms.

There’s also some evidence that companies publicly embrace ESG as a cover for poor business performance.

There Are Already Many Examples of Individuals and Businesses Being Denied Access to Financial Services or Capital Based on Subjective Criteria.

Credit Agencies Have Started to Alter Businesses’ Credit Ratings Based on ESG Scores.

Analysts Predict Individual Credit Scores Could Soon Have an ESG Component.

Large Investment Management Firms and Banks Are Using ESG to Coerce Corporations.

 Banks Have Promised to Use ESG to Fight Climate Change Throughout All of Their Portfolios and Business Activities.”

(https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investing)

Why should we care about ESG scoring?

Because it can, and will, affect the everyday lives of all people. And when something like this happens it is always the average people that take the brunt, the penalty, and the burden of these so-called benefits.

Corporations will be able to, without punishment, regulate interest rates, affect the ability to obtain loans, certain benefits, punish those that do not fall in line with the environmental, social, and governmental regulations as stipulated by those who we, the average citizens, have no control over, however they can control us.

Quotes from above and article you may be interested in reading;

https://www.esgthereport.com/what-is-your-personal-esg-score-and-why-should-you-care/

https://www.diginex.com/insights/personal-esg-score

https://esg.conservice.com/esg-scores-why-they-matter/

https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investing