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Environmental Social Governance https://en.wikipedia.org/wiki/Environmental,_social,_and_corporate_governance https://en.wikipedia.org/wiki/Environmental,_socia

Environmental Social Governance https://en.wikipedia.org/wiki/Environmental,_social,_and_corporate_governance https://en.wikipedia.org/wiki/Environmental,_social,_and_cor... Wow, I thought everyone was aware of ESG by now (especially on HN). It seems that social media echo chambers keep getting worse...

pjc50 4y ago
You said: > I'm not surprised why ESG narratives are so pervasive on social media; people are afraid to express any view to the contrary. There have been no negative career repercussions for liking or promoting ESG content; quite the opposite. .. OK, so now some more context: why is this bad? What is a "narrative" here? Why should there be negative repercussions?
- BaseballPhysics 4y ago
  It's become a new wedge issue for Republicans, alongside trans rights, CRT, and the generic "woke left". Basically, some investors started considering broader elements of corporate governance in their decisions. Now the right has latched on, claiming that choosing to invest in companies that, say, commit to sustainability initiatives or fight workplace harrassment, are somehow engaging in woke censorship The irony is their solution is to try to ban the practice, thereby restricting freedom of association. Isn't it ironic?
- airhangerf15 4y ago
  It's a social credit score for companies and startups. It doesn't actually help the environment at all. It's bullshit to create new "carbon markets" and causes companies to work against the interests of their shareholders and customers in order to meet completely arbitrary guidelines in order to get high ESG ratings (to draw in investors). They then become dependent on those investors, even though ESG policies cause them to lose money .. when the 2023 dot com bust goes full swing, those investors will get to decide which companies live in die in the same way TARP funds allowed the US Government to decided which banks lived and died.

pjc50 4y ago

You said: > I'm not surprised why ESG narratives are so pervasive on social media; people are afraid to express any view to the contrary. There have been no negative career repercussions for liking or promoting ESG content; quite the opposite. .. OK, so now some more context: why is this bad? What is a "narrative" here? Why should there be negative repercussions?

BaseballPhysics 4y ago
It's become a new wedge issue for Republicans, alongside trans rights, CRT, and the generic "woke left". Basically, some investors started considering broader elements of corporate governance in their decisions. Now the right has latched on, claiming that choosing to invest in companies that, say, commit to sustainability initiatives or fight workplace harrassment, are somehow engaging in woke censorship The irony is their solution is to try to ban the practice, thereby restricting freedom of association. Isn't it ironic?
airhangerf15 4y ago
It's a social credit score for companies and startups. It doesn't actually help the environment at all. It's bullshit to create new "carbon markets" and causes companies to work against the interests of their shareholders and customers in order to meet completely arbitrary guidelines in order to get high ESG ratings (to draw in investors). They then become dependent on those investors, even though ESG policies cause them to lose money .. when the 2023 dot com bust goes full swing, those investors will get to decide which companies live in die in the same way TARP funds allowed the US Government to decided which banks lived and died.