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.
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