- Chapter 3: BRYON AND BINKIE TAKE OVER THE WORLD WITH THE DEVIL’S HELP.
- Resolution #1: THE ESG PLAN TO TAKE YOUR MONEY.
- ESG is woke, green, diverse, and broke. ESG produces less and costs more. Woke banks across America found ESG loans with no risk management required. Windmills and sunshine investments are the waves of the future. These plans are executed exceptionally well. An adequate return on investment is unnecessary because ESG IS THE RIGHT THING TO DO.
- For nearly two decades, major corporations have touted ESG principles (short for environmental, social, and governance factors). ESG has become “Woke Capitalism.” The New Left must simultaneously destroy the three pillars of Western civilization: capitalism, Christianity, and democracy. For Socialism/Communism to succeed, these three obstacles must be removed. They will be removed with extreme malice. Nothing can be left standing.
- Capitalism, Christianity, and democracies will be destroyed with extreme malice. Nothing will remain standing. Our ESG programs are the money machines used for the monastery and fiscal control systems. Corporations are graded on ESG metrics, and report cards are issued. ESG funds perform poorly in financial terms. Sustainability, greenness, and social equality factors are more critical ratings. Corporation climate policies are necessary.
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- ESG is designed to empower the elites at the expense of us non-elites.
- ESG critics say that using financial tools to achieve the goals of the New Left is wrong. Labor and environmental rules and regulations drag a fund’s profitability. Investors become discouraged and then drop out of ESG funds. The Show Runner plans to run the world through selection and dominance in the fields of commercial institutions.
- After some time, ESG investing hits the reality wall. ESG portfolios make smaller financial returns than non-ESG portfolios. Companies in the ESG portfolios have worse compliance records for labor and environmental rules. Also, compliance with labor or ecological regulations is lower than non-ESG investments. ESG scores of companies invested in by 684 U.S. institutional investors that signed the United Nations’s Principles of Responsible Investment (P.R.I.) improved in the ESG scores of companies held by P.R.I. signatory funds after their signing. Furthermore, the financial returns were lower, and the risk was higher for the P.R.I. signatories.
- It has been discovered that some companies embrace ESG and use it to cover for poor business performance. Funds investing in companies that publicly embrace ESG sacrifice financial returns without acquiring much, if anything, to further ESG interests. ESG investments are a feel-good scam.
- The beleaguered environmental, social, and governance (ESG) investment sector has been pummeled from all sides. More companies than ever use ESG reports to showcase their social consciousness. However, very little consistency in ESG rating agency assessments makes evaluating the ESG performance of companies, funds, and portfolios tricky. ESG is another travesty brought about by the New Left.
- The ESG scam kicked off in 2004. It has been on a downhill slide from day one. The New Left continues to virtue signal the program while pumping tax dollars into it in an ill-fated attempt to keep it alive. ESG has sparked a feeding frenzy in the financial sector over the past few years. The fever peaked during last year’s U.N. Climate Change Conference, when green finance was feted as a critical tool in the fight against climate change. Since then, it has lost almost all of its shine. Growth in ESG investment products outpaced all other types of investments during the last few years. The ESG PLAN takes from the rich and gives to the poor. It is the centerpiece of The New Left’s wealth redistribution plan for third-world countries.
