Environmental, Social and Governance (ESG) investment trends have been in the spotlight lately.For retirees and pensioners low income When it comes to investing, they are unenthusiastic about prioritizing enlightened politics over sound economic interests — assuming they have had meaningful opportunities to speak for themselves. While much of the discussion around this type of investment focuses on the investor base, the impact of ESG is far-reaching. reached.
It’s hard to connect these dots. ESG is designed to confuse and disorient the average American, leaving them unable to understand how it works, its implications, and who is actually in charge. increase. this is, awakened elitist Even those at the top and willing thing The middle ground is that such a system helps avoid direct liability. But more and more public interest group along with Republican Majority A much-needed light shines in Congress.
bill payers, mainly woman, are at the forefront of the high-cost impact of ESG. E-prong (environmental standards) enforce compliance with a “net zero” policy aimed at phasing out fossil energy such as coal, oil and natural gas. To 2050. These energy resources are currently 80% It’s part of the energy we need to fuel our economy and sustain our modern way of life.As a result, ESG a lot of gas and electric bill Low-income families hit hardest, many forced select between food or electricity.
More broadly, 1 in 6 American families the current I am behind on my electricity bill. The cost of an average household is woke up About $10,000 over the last two years. Combined with inflation, these costs weigh on ordinary people, making it virtually impossible for low-income Americans to cross the middle-class line. ESG is undoubtedly barrier To upward mobility.
American entrepreneurs are also affected. For ESG to realize the American Dream, it must acquiesce to the demands of an awakened left. And it’s not just oil and gas. ESG is used by progressive activists to defund and curb the growth of politically disadvantaged companies deemed “bad” by ESG criteria, an ever-changing standard.To date this includes firearm manufacturers, Livestock, Tesla,Furthermore chocolatier I am not awake enough. These misguided efforts produce perverted consequences beyond corporate job losses and economic growth.
ESG is also a tool to advance the wider cultural agenda of the Left. S prongs, or social norms, force acceptance of policies that many Americans, including the average parent, disagree with.Encountering a target with children means exposing them to a strange and highly inappropriate ‘pride’ celebration. As the mother of two young children who are naturally drawn to rainbows and shiny objects, why is the target being geared into this niche market, the swaying adults who hate this God-given gender definition? It became necessary to explain whether the company was trying to develop a market for troubled youth. It’s so frustrating to be pushed to the point of hiding, shoving, and chopping off organs. Considering this, my family and I will shop elsewhere.
The S policy also includes Command Liberal campaigns such as gender-segregated restrooms in the workplace, meeting racial employment quotas, teaching critical race theory (CRT), and defunding police and drag story hour. Enforcement of support for. Though these ideas are prevalent among some progressive corporate leaders, polls show that the majority of Americans are against these ideas and would prefer to be shunned from their workplaces and markets. there is
solid 51% of Americans believe that toilet use should match their biological sex. 43% Twenty-three percent of Americans believe CRTs worsen race relations, while 23% believe otherwise.Latin Americans and Asians Oppose Critical Racial Theory 2 to 1 margin.how 73% American Opposing racial quotas in employment, 58% of Americans oppose defunding the police.
Many workers are adversely affected by ESG. Some analyzes have found that G (governance) policies that prioritize ticking superficial boxes result in: Diminished Diversity of perspectives. It also has the effect of stifling speech against workers who may oppose G policies but wish to avoid them. anger of an awakened person. Also of concern: Some companies, while prioritizing diversity language marketing, ridicule actual progress.
As awareness of ESG rises, so does the opposition. This is why some of ESG’s most ardent advocates go to great lengths to distort the truth about his ESG and discredit those who try to point to its numerous negative impacts. Whether you are a rate payer, an entrepreneur, a parent or a worker, ESG is making life more difficult with policies that do far more harm than good.
Mandy Gunasekara is Director of IWF’s Energy and Conservation Center. She is also the former Chief of Staff for the US Environmental Protection Agency.
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of The Daily Caller.
