ESG: The Left s Latest Destructive Tactic to Bully Business – The American Spectator | USA News and Politics

Reports about ESG environmental, social, and governance scores that progressive activists, money-management firms, and government agencies (namely, the Securities and Exchange Commission) assign to corporations have become nearly ubiquitous in the news. There is even a website, esgnews.com, that keeps track of the latest ESG-related developments.  

Recently, Vanguard, the gigantic mutual-fund investment firm, announced that it is increasing its offering of passive ESG funds in Europe. Vanguard is just one of numerous examples in the news that could be cited. 

On the plus side, governors, state treasurers, and state attorneys general are pushing back against ESG bullies. Republican Arizona Attorney General Mark Brnovich wrote a blistering commentary in the Wall Street Journal denouncing BlackRock and other woke asset managers for abandoning their fiduciary duties to their clients by focusing more on investing in corporations with high ESG scores than in the most profitable companies. 

The SEC is leading the Biden administration s push for all publicly traded companies to publish ESG disclosures.

via spectator.org