51.2 F
Chicago
Friday, December 2, 2022
HomeIllinois NewsESG Scores: The Role of the U.S. Securities and Exchange Commission

ESG Scores: The Role of the U.S. Securities and Exchange Commission

Date:

spot_img

Esg-crop-2-800x450

Environmental, social, and governance (ESG) scores are the latest instrument by which a diverse group of influential global elites and international organizations are attempting to fundamentally restructure the global financial system and alter traditional financial methods of assessing risk. This attempted shift from “shareholder capitalism” to “stakeholder capitalism” hinges upon assigning companies, and soon individuals, arbitrarily determined ESG scores that incorporate subjective and difficult-to-evaluate metrics assessing a firm’s commitment to climate and social justice issues. Essentially, poorly scored companies receive lower ratings, and subsequently suffer from reduced access to capital, while highly scored companies receive substantial capital in-flows. ESG’s metrics have ostensibly been designed to combat systemic global problems such as climate change, racial inequality, and world hunger—in alignment with the United Nations’ Sustainable Development Goals. In reality, they instead centralize power and control in the hands of wealthy elites and globalist institutions, allowing them to dictate world affairs. Moreover, ESG metrics severely restrict economic and social opportunities for individuals and small businesses across the globe.

More HERE

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

IL GOP Establishment to Grassroots: Only Rich, Donor Voices Matter

By Illinois ReviewIn private messages, social media posts and...

FL Rep. Byron Donalds to IL GOP Elite: You Don’t Win Elections

By Illinois ReviewOAK BROOK, IL - Speaking to a...

Twitter Poll: 93% Favor a New IL GOP Chairman, 7% Oppose

By Illinois Review In an unscientific Twitter poll conducted...

Opinion: Love Your Neighbor for Life, Not Just for Votes

By Daniel EhrmanSince the mid-terms there have been murmurs...

1 COMMENT

  1. Law violating bureaucracies are subverting the US Constitution, acting as rule making bodies.
    US Constitution, Article I, Section 1
    “All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.”
    Our Constitution established strict limits on federal power. USDA, EPA, FDA, ATF, FFA, U.S. SECURITIES AND EXCHANGE COMMISSION, and 95% of executive agencies are completely unconstitutional and based upon undelegated, pretended power.
    Have you figured it out yet; we live under tyranny.