‘Woke’ Capitalist Plan for Gun Control

Environmental, Social, and Corporate Governance is gaining popularity.

QUICK FACTS:
  • Environmental, Social, and Corporate Governance (ESG) is gaining support on the left, and it’s being used as a way of facilitating several “woke” initiatives.
  • Included in those initiatives are the support for radical climate change, enforcement of racial quotas, and now, gun control
  • However, a report by the United Nations in 2005 indicated that ESG would also assist in predicting financial performance across the board.
  • Criteria for ESG include consideration of how investment opportunities will impact the environment, and how the investments will manage relationships between companies and the communities where they operate.
  • Analysts believe that it will now be used to push gun regulation, keeping investment money from the biggest investment firms in the nation, from supporting anything pertaining to Second Amendment rights.
DETAILS OF ESG CRITERIA:
  • “Environmental, social, and governance (ESG) criteria are a set of standards for a company’s behavior used by socially conscious investors to screen potential investments,” Investopedia‘s explanation of ESG criteria stated.
  • “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,” the explanation went on to say.
  • “Governance deals with a company’s leadership, executive pay, auditsinternal controls, and shareholder rights.”
BACKGROUND:
  • Not everyone agrees with this progressive morality-driven way of investing, as Bryan Bashur, a federal affairs manager at Americans for Tax Reform and executive director of the Shareholder Advocacy Forum, said in a recent opinion piece.
  • The economic expert said that advisers such as BlackRock, Vanguard, and State Street (the Big Three) have prioritized their own public relations agenda and by doing so, subverted their responsibility to maximize their clients’ returns.