Popular business magazine leads readers into support for left-wing political strategy.
QUICK FACTS:
- Forbes on Friday published a piece titled “Three Steps For Engaging The Board In ESG Initiatives” in which the author proposed strategies for companies to implement left-wing ESG (Environmental, Social and Governance) ideology into the company’s “organizational strategy.”
- “With stakeholder attitudes continuing to suggest that environmental, social and governance (ESG) principles be prioritized within a company’s organizational strategy—thus serving as key drivers of growth—it’s crucial that board members possess an awareness of ESG-related risks and the fluency to manage them as they advocate for these initiatives,” according to Forbes.
- The piece goes on to not only assert that ESG is a “top concern for business leaders globally,” but to recommend three steps company leaders can take to enforce the woke ideology “when collaborating with their organization’s board of directors.”
- To make its points, the Forbes article even cites a recent report from The World Economic Forum (WEF), the globalist think tank enforcing the ‘Great Reset’ agenda worldwide that promotes the idea that by 2030 we will “own nothing” and we will “be happy” about it and that the United States “won’t be the world’s leading superpower.”
FORBES’ THREE ESG STRATEGIES:
- The first strategy Forbes recommends to business leaders is to not think that simply “giving back” to society by engaging in dialogue and outreach with the communities in which they operate is enough. Instead, corporations should take things to the “next level” by devoting themselves to climate change alarmism (what the Forbes piece refers to as “preservation of the planet”) and promoting left-wing politics (what the Forbes piece refers to as “positive change in society”).
- Forbes’ second strategy is to “[keep] the board active, engaged and clear on the details of risks” ESG proponents say face companies who do not fall in line with ESG ideology. In other words, to use scare tactics to constantly remind the company of what ESG adherents believe could go wrong if it doesn’t fall in line with ESG doctrine. Ostensibly, this would be done without presenting any opinions or arguments that do not view, for example, climate change as a legitimate threat.
- The third strategy is for companies to “Take time to strategize,” meaning it’s not enough for companies to spend a “15-minute discussion period on a board’s packed agenda” devoted to ESG, according to Forbes. Rather, companies should hold “a dedicated board strategy session held over several days” on the ESG dogma.
BACKGROUND:
- ESG purports to be a set of “standards for a company’s behavior used by socially conscious investors to screen potential investments,” according to Investopedia. “Environmental criteria consider how a company safeguards the environment, including corporate policies addressing climate change, for example. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights,” the financial website explains.
- These ideas at face value seem benign, but The Heritage Foundation, a conservative think tank, has explained how woke ESG ideology has infiltrated international corporations who are “weaponizing capital” and “promoting nearly every left-wing policy.” “Under the umbrella of Environmental, Social, and Governance (ESG) activism, corporations have become unimaginably woke,” The Heritage Foundation explains. “They are weaponizing capital, and it is promoting nearly every left-wing policy issue they care about.”
- The Blaze’s Glenn Beck has also explained that ESG “is an international phenomenon that affects every single American, regardless of the state you live in” and that “ESG metrics are a kind of social credit scoring system, similar to the model now being used in China.”
- The purpose of ESG, according to Beck, “is to create a new framework for evaluating businesses, banks, investors, and governments, so that instead of just looking at profits, losses, debt, employee satisfaction, and other traditional economic metrics, an organization is evaluated for its commitment to battling climate change and devotion to social justice causes, including, for example, the racial composition of a company’s workforce.”
- “ESG systems already have awards and punishments tied to them. Companies with ‘good’ ESG scores are often rewarded with lower lending rates, better bond ratings, and other advantages. Some companies with ‘bad’ ESG scores are forced to pay more for loans or denied access to banking services altogether,” Beck goes on to say. “ESG systems are designed to force businesses and consumers to adopt the values, ideas, products, and services the wealthy elites imposing social credit scores are calling for, and those elites regularly work hand in hand with government and central banks to advance ESG goals.”
- According to Beck, “ESG systems are the greatest threat to freedom since the fall of the Soviet Union. Anyone who tells you otherwise is ignorant or lying — and we’re not sure which is worse.”
