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

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.