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What are the differences between ESG and the Social Credit System of the People's Rebublic of China?
by radiator 3y ago
What are the differences between ESG and the Social Credit System of the People's Rebublic of China?
- jonahhorowitz 3y agoBesides the fact that they're completely different concepts, one applies to corporations, which are not people, and one applies to people, which are not corporations.
- radiator 3y agoNo, the social credit system is mainly focused on businesses https://en.wikipedia.org/wiki/Social_Credit_System https://en.wikipedia.org/wiki/Social_Credit_System . As I understand, social trustworthiness affects their eligibilty for credit.
- dragontamer 3y agoAs an investor, you can choose to buy an ESG fund, or a normal fund. The normal fund won't care about ESG at all and your money will go to all kinds of different companies. The ESG fund will market itself as ESG. You probably should read up on the benchmarks that the fund cares about. --------- Ex: iShares ESG Aware MSCI USA ETF (ESGU) fund. You can buy it, or not buy it. ESG isn't about getting "all" the investors involved. Its just about collecting enough investors together that the pool of money becomes a feasible corporate-politics entity.
- CyberDildonics 3y agoHow are they at all the same in any way?