James Lindsay Exposes ESG as a Social Credit Score for Corporations...
The Vigilant Fox 🦊@VigilantFox
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Apr 27, 2024
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James Lindsay Exposes ESG as a Social Credit Score for Corporations
ESG scores have become "an instrument of control" over companies to "force behaviors," says @ConceptualJames.
Don't believe it?
BlackRock CEO Larry Fink has admitted it himself:
"Behaviors are gonna have to change, and this [ESG] is one thing we're asking companies. You have to force behaviors, and at BlackRock we are forcing behaviors."
The system is being gamed.
A Harvard corporate law website document reveals companies can boost their governance score by awarding themselves bonuses for implementing ESG criteria.
"It's woke social justice. It's not social responsibility. It's whatever they want," lamented Lindsay.
"@ElonMusk bought Twitter, and his social score for Tesla went through the floor. Like, what did that have to do — and then all of a sudden, Tesla's a racist company."
ESG scores have become "an instrument of control" over companies to "force behaviors," says @ConceptualJames.
Don't believe it?
BlackRock CEO Larry Fink has admitted it himself:
"Behaviors are gonna have to change, and this [ESG] is one thing we're asking companies. You have to force behaviors, and at BlackRock we are forcing behaviors."
The system is being gamed.
A Harvard corporate law website document reveals companies can boost their governance score by awarding themselves bonuses for implementing ESG criteria.
"It's woke social justice. It's not social responsibility. It's whatever they want," lamented Lindsay.
"@ElonMusk bought Twitter, and his social score for Tesla went through the floor. Like, what did that have to do — and then all of a sudden, Tesla's a racist company."
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