ESG Scoring, What You Need to Know, And What It is? - Flashback Friday ⚡
Originally from my blog WindUpRubberFinger 01/29/22
Like many people, I've never heard of ESG Investment Scoring. But apparently it's a new tool used by banks to determine "credit worthiness." The strange thing is that it has little to do with the financial position of the business in question.
What Is ESG?
The term “ESG” has become more widespread in recent years as people and companies make investment decisions based not just on returns but also on alignment with their values. “ESG” stands for environmental, social and governance — ESG investing tracks impact on the wider world.
Environmental Factors
Environmental factors answer the question, “What kind of impact does a company have on the environment?” This category can include considerations like carbon emissions, vulnerability to climate change, manufacturing processes, waste disposal, packaging, renewable energy use and water use.
Social Factors
Social factors answer the question, “What kind of impact does the company have on people and communities?” This can include considerations like labor management, commitment to diversity and equity, worker care and safety, ethical sourcing, privacy, inclusionary programs and hiring practices, corporate social responsibility and product safety.
Governance Factors
Governance factors answer the question “What kind of leadership does a company have?” This category can include considerations like pay differences, diversity in leadership, leadership’s crisis responses, company ownership, business ethics and transparency.
Basically your ESG score is how well you do what the leftists tell you to do. Or, more simply, it's a "social credit system" for business banking. Similar to what they have in China. If you follow the CCP directives, you get more perks. In this case, if you follow the leftist's directives, you get a bank loan.
Again, the part that missing in all of this is the financial side. Another important question is, who decides what these directives are?
Let's look a little deeper to see what ESG entails. They are very good on the Farm Bureau website, they tell you exactly how to follow their directives.
Socially Responsible Investing: 3 Ways to Make A Difference
Responsible investing strategies can provide you the opportunity to better yourself and your community.
Socially responsible investing is an umbrella term used to describe any sort of investment that looks at environmental, social and governance (ESG) factors when making an investment decision. For example, some investors have environmental concerns, and others want to find ways to help economically under-developed countries grow. Some may be looking for ways to help feed the world, and others want to improve educational opportunities globally. All fit into the category of responsible investing, which allows investors to choose ways to make a change through their investment strategies.
There are three ESG investing strategies you can take to achieve your responsible investment goals:
1. Withdraw Support
Withdraw support from securities issuers with characteristics that don’t match your values. This is an ESG strategy many responsible investors choose first but discover it’s difficult to be universal with an investment stance from company to company. For example, if you would like to remove companies that make, use, transport or service the development of fossil fuels, you may also want to extend your list to include any company that uses fossil fuels to distribute their products from factory, to store, to your home.
2. Seek Ethical Leaders
Seek leaders among securities issuers that support ESG factors. When you support these securities, you financially support companies that are making strides to better any or all of the ESG factors. Investors also have the opportunity to advocate, as shareholders, for changes with companies that don’t meet the desired ESG factors.
3. Use Investments to Fund Change
The goal of ESG impact investing is to generate positive, measurable social and environmental impact along with a financial return on the investment.
There are pros and cons to each style, and because every investor has unique goals and investing choices, there is no set formula to follow. You may discover you fit perfectly in one of the three styles for responsible investing, or you may need to blend all three styles to best fit your portfolio and interests for achieving positive change in your community, the nation and around the world.
As you can see, ESG is more about effecting "positive change in your community, the nation and around the world." If the investment happens to actually make money, that's nice too. There is more to do with control, than there is anything to do with making money.
The most important part of this I have listed here. The goal of ESG impact investing is to generate positive, measurable social and environmental impact along with a [possible] financial return on the investment.
Look at that closely. Measurable social, and environmental impact; notice how it’s listed -- first. Does that sound like a banking strategy, or a control strategy?
In the video below Glenn Beck explains how this is a horrible idea, and it's being used to literally control world banking.
Knowing that strange and evil things are going on is one thing, but knowing how those in power are planning to implement those evil plans is critical. We all must fight to stop this movement towards one world governance! The financial sector is the single most powerful control point.
The CCP have realized financial control is the best control mechanism, and they realized this a long time ago. China was, more or less, a test ground for the whole Social Credit System strategy. It's worked there for controlling the people and business, and now those in power want to implement it here, and literally all over the world.
If you enjoy my writing, you might want to check out my original blog WindUpRubberFinger.com. I have decided to mirror my posts on Substack, and WindUpRubberFinger.com. I will work on moving older posts over to Substack as references for newer articles.