ESG = CCP – Flopping Aces

In my last post I noted that Joe Biden has two masters; Zelenskyy and China. Today we’ll have a look at ESG. ESG is short for Environmental, Social and Governance.

ESG stands for Environmental, Social, and Governance. First coined in 2005, ESG covers a wide range of issues that may have a direct or indirect impact on financial relevance. Some of these issues that come under the purview of ESG reporting include resource management, supply chain management, organizational health, safety policies, and building trust through transparency.

It’s a kind of Social Credit Report Card

It’s modeled after something found in guess where?

China.

There’s a big push from the left to invest pensions in this stupidity. The Department of Labor ruled that money managers could consider ESG investments for pensions.