With DEI dying a much needed death, will ESG investing soon follow? Sure hope so.
Agreed.Mr. Fingerbottom said:
Dei is not going away
It's just not going to be shoved in your face bc it's not marketable
Racist process(s) are still very much alive behind the scenes in all major companies, institutions, media, etc
Mr. Fingerbottom said:
Dei is not going away
It's just not going to be shoved in your face bc it's not marketable
Racist process(s) are still very much alive behind the scenes in all major companies, institutions, media, etc
AirAgs said:
Respectfully disagree. I think it has run its course.
ESG is just as toxic in my opinion, and companies need to move away from it. The ESG investment scam should follow.
AirAgs said:
Respectfully disagree. I think it has run its course.
ESG is just as toxic in my opinion, and companies need to move away from it. The ESG investment scam should follow.
Mr. Fingerbottom said:
Dei is not going away
It's just not going to be shoved in your face bc it's not marketable
Racist process(s) are still very much alive behind the scenes in all major companies, institutions, media, etc
Don't be fooled, Corporations don't care about anything or anyone except MONEY and POWER. Mostly money for smaller corps and also power for bigger ones like Amazon, Google, GE etc.Quote:
"See!
We love women! We love blacks! We are such good people!
Come join us! Come buy from us! Give us tax breaks!
AirAgs said:
Respectfully disagree. I think it has run its course.
ESG is just as toxic in my opinion, and companies need to move away from it. The ESG investment scam should follow.
Then your company needs to be outed like John Deere, Tractor Supply, and Harley Davidson have been.MosesHallRAB04 said:Mr. Fingerbottom said:
Dei is not going away
It's just not going to be shoved in your face bc it's not marketable
Racist process(s) are still very much alive behind the scenes in all major companies, institutions, media, etc
Agreed. My very large company is 100% on the train. It's in everything the company does.
YouBet said:
Until you greatly curtail the power of HR at public companies, you will never kill this movement. HR's rise to the C Suite and given latitude to make actual business decisions has been one of the worst developments in corporate business. Couple that with HR putting foot soldiers into the business as "HR Business Partners" and you have effectively metastasized the cancer.
Blitz88 said:YouBet said:
Until you greatly curtail the power of HR at public companies, you will never kill this movement. HR's rise to the C Suite and given latitude to make actual business decisions has been one of the worst developments in corporate business. Couple that with HR putting foot soldiers into the business as "HR Business Partners" and you have effectively metastasized the cancer.
Strongly disagree. ESG AND DEI are creations of liberal Government Administrations in concert with the McKinsey consultants class and institutional investors like Blackrock, State Street, et al. …. Corporate boards (which have become much more diverse) then challenge CEOs and the C suite officers to set goals and implement these "initiatives". Sure HR and "Sustainability teams" are involved in the execution of these programs but they are certainly not driving the bus.
Old May Banker said:
This country is on pace for a needed and overdue hard reset. People are done with the bull*****
Bird Poo said:Old May Banker said:
This country is on pace for a needed and overdue hard reset. People are done with the bull*****
Agreed. Airlines have entire teams working on "sustainable aviation fuel". It's a total pipe dream and waste of money but everyone is too afraid to stand up to the leaders pushing this crap.
MosesHallRAB04 said:Mr. Fingerbottom said:
Dei is not going away
It's just not going to be shoved in your face bc it's not marketable
Racist process(s) are still very much alive behind the scenes in all major companies, institutions, media, etc
Agreed. My very large company is 100% on the train. It's in everything the company does.
Bird Poo said:Old May Banker said:
This country is on pace for a needed and overdue hard reset. People are done with the bull*****
Agreed. Airlines have entire teams working on "sustainable aviation fuel". It's a total pipe dream and waste of money but everyone is too afraid to stand up to the leaders pushing this crap.
YouBet said:
Until you greatly curtail the power of HR at public companies, you will never kill this movement. HR's rise to the C Suite and given latitude to make actual business decisions has been one of the worst developments in corporate business. Couple that with HR putting foot soldiers into the business as "HR Business Partners" and you have effectively metastasized the cancer.
Quote:
BlackRock which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing is considering an exit of the so-called "Net Zero" coalition of top corporations who pledge to reach zero-carbon emissions by 2050, The Post has learned.
The investment giant led by billionaire CEO Larry Fink is poised for a pivot from dictates of the United Nations-sponsored "Net Zero Asset Managers Initiative" as pressure grows on big corporations to reverse their woke business agendas. It comes as others have announced plans to leave a sister UN coalition for mega banks. In recent days, the nation's largest bank, JPMorgan Chase, plus Goldman Sachs, Wells Fargo, Bank of America, Citigroup and Morgan Stanley, said they are dropping their membership from the UN climate coalition.
BlackRock's likely departure is more significant. The world's largest investment fund, with more than $10 trillion in assets under management, was a leader in ESG investing, with its top executives including Fink evangelizing on the need to use the company's investing might to force corporations to reduce their carbon footprint. A political backslash recently forced Fink and BlackRock to reverse course on ESG and now other big ESG asset managers are doing so as well.