ESG

5,112 Views | 36 Replies | Last: 1 yr ago by APHIS AG
AirAgs
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With DEI dying a much needed death, will ESG investing soon follow? Sure hope so.
Pichael Thompson
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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
ts5641
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It will be tough to get rid of the machine that's been created by DEI and ESG. There would need to be massive dismantling in the next few years or it's not going to happen. Right now, they're just worried about Trump.
AirAgs
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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.
Logos Stick
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There was a lawsuit that was just won by an individual suing a company because of ESG policies. I'll try to find it.
Maroon Dawn
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The only reason companies were doing it was that their access to capital was being threatened by the Biden administration if they didn't comply and install loyal Democrat demographics into leadership positions
No Spin Ag
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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.

The people who took things from not being DEI/ESG to DEI/ESG did so because it profited them. When/if they go away from it, it's not going to be because they all-of-a-sudden dislike DEI/ESG; it just isn't profitable for them to go that way anymore. Their views/ideologies are still the same; they will just quiet things down and repackage it.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Logos Stick
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Ok, I'm off a bit, it is American Airlines and they were just found guilty of federal law breaking by focusing 401k investments on ESG.

"O'Connor said American had breached its legal duty to make investment decisions based solely on the financial interests of 401(k) plan beneficiaries by allowing BlackRock, its asset manager and a major shareholder, to focus on environmental, social and corporate governance (ESG) factors"


https://nypost.com/2025/01/10/business/american-airlines-focus-on-esg-in-401k-plan-is-illegal-judge/
MosesHallRAB04
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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.
Buford T. Justice
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Think of it as an invisible demon that has just retreated into the shadows for a short period of time.
Detmersdislocatedshoulder
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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.


while on the surface i can agree with what your saying i know deep down regardless of what you see the powers that be haven't and won't change. it is being rebranded and put back on the shelf until it can be used again.

communists never quit trying to obtain powers by any means necessary. their best method is formenting division by race, class or religion . it is their playbook throughout history. they will never change or stop it is who they are.

so honestly do u really think it's going away? cause that would infer they have learned something and they care which they don't.
mm98
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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.


I really hope so

We had to hire a third party to assist with compliance monitoring and none of our suppliers give a **** to answer. And I don't blame them.
YouBet
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YouBet
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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.
infinity ag
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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

The main iincentive of DEI for corporations is that they can market it and say:

Quote:

"See!
We love women! We love blacks! We are such good people!
Come join us! Come buy from us! Give us tax breaks!
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.

But if you take away the marketing aspect of it or if DEI becomes uncool, then what is the motive for having it around? You will just have the cons, none of the pros. They would have to deal with lazy employees who just are around because they are women, Muslims, LGBTQ, blacks etc but no one cares that you are hiring and paying them anymore.

So I think if a company has become so bold as to say they are getting rid of DEI, they actually are. They may still cater to some small local groups who need to be pandered to but it won't be corp wide anymore.

Yes, it will make a comeback the next time the Dems get into power.
Burdizzo
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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.



DEInis repackaged Affirmative Action. They will just repackage it again and shove it down our throats a few years from now
Ellis Wyatt
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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.
Then your company needs to be outed like John Deere, Tractor Supply, and Harley Davidson have been.
Madman
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Without reading all the responses.

My company is dramatically increasing its ESG efforts. We just took a something like a half billion dollar loan to develop new "greener" products, and make our offices and factories greener.

The Euro Fund that is giving the loan requires a boat load of regs on how the money can be spent and with who. It stinks like a grift and just has to be considering what little I know on who we can spend the money with.
Jack Squat 83
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I think the solution will be a couple of massive lawsuits/settlements for some sort of discrimination against straight, white, Christian people. A few billion $$ changing hands in a class-action might do the trick to clean up the behind the scenes DEI that might continue.

Agree that in the end it's always follow the money.
I don't think you know me.
AJ02
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Unfortunately my company is a global company, so we have to conduct operations to essentially whichever country has the strictest/tightest requirements. So until EU starts rescinding all the woke crap, it's here to stay.
Blitz88
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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.
MouthBQ98
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DEI was a ln attempt to appease the activist left and legally shield corporations from an activist leftist judicial system in response to the recent surge left in government and media. They had to present that they were fellow travelers so they would be less targeted.
AirAgs
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Your company is ESG because they get better rates on those loans. It's an investment scam and it needs to end.

ESG is a control mechanism and my hope is similar to how Trump got elected, people rise up and say enough is enough.

DEI is the first to die. Hoping ESG suffers the same fate.
AirAgs
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Totally agree.
SMM48
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For some reason. People think that ESG funds have a ton of assets under management. They don't.
YouBet
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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.


We are both correct. I've lived the HR side of this equation.
Old May Banker
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This country is on pace for a needed and overdue hard reset. People are done with the bull*****
Bird Poo
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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
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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.


Absolutely agree. It's a joke. Granted, United has recently backed off their absurd claims with SAF and they were one of the biggest **** talkers about it because their CEO has the woke mind virus.

SWA has an entire subsidiary company focused on this. lol. Talk about cush jobs that do nothing.
Shoefly!
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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.

This is not a gotcha, but are you investing in your companies stock? I don't think I could.
Shoefly!
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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.

What, Battery power?
Bird Poo
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Basically biofuels that require insane subsidies to even be cost neutral compared to conventional fuel.
Rocky Rider
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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.


Very well said. I retired this year after 40 years in the Fortune 100 world. In the past 20 years, HR started behaving like they were running the business when not one of them understood our products and services. During covid HR became the biggest advocate of WFH because they all want to WFH. My HR BP moved out of state claiming she could do her job from anywhere in the U.S. Now if she travel to the work site she must pay her expenses; which she won't do. So she's in Human Resources and never meets with the team in person.
Shoefly!
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Upside Down World! And Congratulations enjoy your family especially your grandchildren. My best days are wrapping my arms around them, and I can find something in each one of them that reminds me of loved ones already gone.
Athanasius
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Exclusive | BlackRock exits Net Zero Alliance as backlash over ESG investing widens

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.
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