ESG: The Merger of State and Corporate Power

Contact Your Elected Officials
The Epoch Times Header

Corporations and government form alliance for environmental, social activism

In 2022, in the midst of a recession, record inflation, and a tumbling stock market, a corporate ideology known by the acronym ESG emerged from obscurity to become a headline topic. It has been called everything from a risk-management tool and a movement for a cleaner, more just world, to a โ€œcon,โ€ a โ€œfraud,โ€ and evenโ€”in an Elon Musk tweetโ€”โ€œthe devil incarnate.โ€

The term itself is opaque; ESG brings environmental, social, and governance causes together under one umbrella. The environmental component includes things like transitioning from fossil fuels to wind and solar energy, and from gasoline-powered cars to electric vehicles.

The social component includes racial and gender equity, diversity training for employees, economic equity, and gun control. The governance component focus on how companies are run and includes racial and gender quotas for corporate boards, management, and staff, andโ€”in the case of Exxonโ€”putting green energy advocates on the board.

The Origins of ESG Ideology

The ESG movement is a derivative of the United Nations Sustainable Development Goals (SDGs). There are 17 SDGs in all, ranging from โ€œno poverty, zero hunger, and good healthโ€ to โ€œresponsible consumption and productionโ€ and โ€œpeaceful and inclusive societies for sustainable development.โ€

In 2019, the World Economic Forum (WEF), an annual gathering of the worldโ€™s most powerful political and corporate leaders in Davos, Switzerland, signed a strategic partnership with the U.N. to advance the SDGs throughout the corporate sector. Led by founder and chairman, Klaus Schwab, the WEF issued the โ€œDavos Manifesto 2020: The Universal Purpose of a Company in the Fourth Industrial Revolution.โ€

The manifesto declared that โ€œa company is more than an economic unit generating wealth. It fulfills human and societal aspirations as part of the broader social system.โ€

During the annual meeting, Schwab told the gathered corporate executives and world leaders, โ€œLetโ€™s be clear, the future is not just happening; the future is built by us, by a powerful community here in this room. We have the means to improve the status of the world.โ€

By Kevin Stocklin

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Flagged for Burning

Trump ordered AG to enforce laws against flag desecration focusing on flag burning linked to violent crimes, property destruction or other illegal activities.

Why Illinois Needs Trump NOW!

Gov. J.B. Pritzker and Mayor Brandon Johnson told President Trump โ€œDonโ€™t come to Chicago!โ€ to reduce crime or to help clean up the trash in the city.

Donald Trumpโ€™s Appointments Are Being Obstructed

Donald Trump is the only President in history that has had recess appointments blocked by his own party!

Trump Flag-Burning Ban: Unconstitutional, Un-American, and Trifling

Trump signed an EO to criminalize the burning of the American flag โ€” the right to do which having already been adjudicated by the highest court in the land.

Using True Facts of History to Determine What is Right and What is Wrong

The amount of time separating a human act from a truthful description of it is not as important as the veracity of historians bringing it to light.

What We Know So Far About Minnesota School Shooting

A shooter killed two children and injured 17 others when he opened fire during Mass at a Minneapolis Catholic school on Aug. 27, officials said.

Attorneys for Jack Smith Respond to Federal Watchdog Probe

Attorneys for former special counsel Jack Smith responded to a federal watchdog investigation over potential Hatch Act violations, saying the probe is โ€œunfounded.โ€

2 Children Killed, 17 Other Injured in Minneapolis Catholic Church Shooting

Two children were killed and 17 other people were injured at a Catholic church and school in Minneapolis on Aug. 27, officials said.

Powell โ€˜Sees the Lightโ€™ in His Final Jackson Hole Talk

Stocks (and gold) shot up in response to Powellโ€™s talk, and Treasury yields declined in the wake of his comments, so letโ€™s hope he follows through on this view.

Trumpโ€™s 50 Percent Tariff on India Takes Effect

President Trumpโ€™s additional 25% tariff on India became effective at midnight on Aug. 27, bringing the total rate to 50% on many imports entering the US.

RFK Jr. Says HHS Will Disclose Causes of Autism in September

During a cabinet meeting Secretary of Health and Human Services Robert F. Kennedy Jr. vowed to announce the causes of autism by September.

OMB Head: Trump Admin Eliminating 30 Old Regulations for Each New One

The Trump administration has repealed 30 regulations for each new regulation, Office of Management and Budget Director Russ Vought announced.

FDA Ramps Up Inspections of Shrimp Amid Radioactive Contamination Reports, RFK Jr. Confirms

Health Sec RFK, Jr. said federal health authorities are looking at imported shrimp after FDA issued warnings after potentially radioactive shrimp.
spot_img

Related Articles