ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. It stands for environmental, social and governance, and it's at the center of a heated debate over whether socially-conscious goals should factor into business and investing decisions.
There has been little regulation of ESG so far, but things are changing. Rules are coming both in the US and abroad. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation - and litigation - we can expect in the near future.

[@keldonator]

People need to be aware of this and put an end to it with their wallets.

[@jancyraniak4739]

The last chance to put an end to it was in about half of the previous century. Now they (they being the key word) own and control us all.

[@head4life]

How doesn't black rock own everything

[@jancyraniak4739]

@@head4life He tried to warn us, but we didn't listen.

[@hueyjmedina0]

Remember when larry fink said that human behavior should be changed through corporations

[@MarxistClownism]

And forced.

[@ikemkrueger]

Bill gates want reduce the population.

[@chudchadanstud]

Who's his drug dealer, I want whatever he took to gain the confidence to say that to the world.

[@hueyjmedina0]

@@chudchadanstud he takes adrenachrome

[@slick3996]

@@hueyjmedina0you’re not gonna be taken seriously if you wanna debate on a real world topic and mixing it with goofy conspiracies

[@Olivia-bl8ez]

Stakeholder capitalism aka a way for the richest men in the world to control all business, even the ones they don’t own too

[@ikemkrueger]

Just avoid the stock market as a company.

[@nmbtw1003]

corpo feudalism

[@TheGodfather101]

ESG is china's social credit score.

[@joebiggs135]

It's Jews Social Credit score for the rest of us

[@user-ib9ky2jo9h]

source: out of our ass

[@jancyraniak4739]

​@@joebiggs135 Literally this.

[@a---------------]

It's actually scary how well ESG is covered up, only a minor few actually know about this regulation. People probably don't know that ESG is also heavily spread into Korea. The FSS introduced a new ESG guideline RIGHT at the start of 2020. That's when things started really going downhill. ESG has taken prevalence since 2020, this is sinister.

[@frost1183]

Esg is fine. I don’t care about esg. I think esg is a really good thing. What I hate is black rock buying up all the homes making it impossible for minimum wage workers to afford housing.

[@goyangi2014]

damn how do u know so well about Korea? The current government seems to be against it tho: cutting benefits on solar power and restarting nuclear power plants

[@billbillerton6122]

My wife and I both moved our retirement funds out of ESG companies. I want nothing to do with this woke nonsense.

[@viorelgheorghe9772]

I will look fore companies that have a high ESG score as a marker of bad management and risky investment!

[@rbesfe]

funniest part is that ESG doesn't actually mean your company is socially or environmentally responsible. It just means you consider the impacts of your shitty decisions even if you do them anyways

[@wayando]

Apple removed your charger and headphone jack to save the environment ... Technically anyone can spin anything until it fits esg.

[@clos19851]

Im Selling off all esg stocks

[@d.owczarzak6888]

Agreed !

[@insomnijack7528]

Well done Bloomberg, your social credit sco... I mean ESG score will be bumped up 2 points for this video.

[@coreyleavell6921]

Excellent expressive grammar. 🤘🏻

[@jedimasterham2]

People should not support any business that promotes ESG’s.

[@Jay-cp9kd]

Larry fink….. The name says it all

[@joebiggs135]

Oyyyy veyyyy

[@Deewood612]

ZOG

[@TheRealToadfishRebecchi]

👃

[@jancyraniak4739]

​@@joebiggs135 Shut it down!

[@jaybartgis5148]

4:33 but due to Elon announcing he's politically conservative* There. Fixed it.

[@charlesfrances1]

Black Rock should be broken up, it has become too powerful.

[@patrickarky116]

The goal is not to make money anymore, the end goal is ultimate control!!!!!!!!!!!

[@DevPythonUnity]

teh goal is depopulation throught ESG financing feminism , abortions and empoweremne of women

[@coreyleavell6921]

My brother works in ESG and my sister-in-law works in HR. ESGHR! I love them, but they are destroying this country.

[@wraith511802003]

ESG, giving useless people a purpose.

[@DU85]

Well put

[@nerdcity]

I like how the editor knew to use the comical silly music at 1:58 when she starts lying about how it's "all about business and shareholders". It's literally the opposite, Stakeholder Capitalism is a response to Shareholder capitalism. This is the reporter working this beat, and she doesn't know that?

[@DarkReaperK97]

Ohh shit big fan

[@AlbertBalbastreMorte]

You are assuming there is no dissonance between theory and practice. She could be precisely pointing this inconsistency out. In any case, ridiculing someone's opinion with funny stock music is intellectually lazy and should precisely make you suspicious of an outlet that does that.

[@iskandera1783]

Incredible. Is bloomberg law based in London also?

[@floydclark6710]

"ESG is really all about business" LOL Ok

[@mariadietzromero9273]

The EU map is complete bonkers, Switzerland isnt part of it and Germany is missing

[@Oz_2024]

Black rock and corporates should not be allowed to decide what their employees or shareholders should think.

[@Viviko]

If a company voluntarily decides to take part in ESG, that’s fine. But don’t force it down their throats.

[@SupposeKennethed]

youtube shadowbanning again.

[@ag10000]

This was informative, but still felt biased. More coverage is needed of how ESG has resulted in leftism being forcefully imposed on consumers.

[@alexs1972]

That's because Bloomberg is a leftist outlet. It's owned by Michael Bloomberg who ran for the president so far to the left he lost the democratic primary to Biden in 2019

[@SmokingThatCasualPack]

Tbf, this is exactly what they're saying. They're just saying it in a positive way

[@baocao2492]

00:04 ESG in focus as BlackRock CEO pushes for socially conscious investing 00:50 ESG encompasses stakeholder capitalism with varying perceptions 01:51 ESG is about socially conscious investing and corporate responsibility. 02:39 Lack of concrete reporting metrics in ESG leads to greenwashing. 03:25 Regulatory bodies implementing rules for ESG disclosures 04:15 EU demands sustainability reports by 2024 05:05 ESG term emerged in 2004 and gained popularity later, leading to backlash from some Republican politicians. 06:04 Companies likely to stick with ESG despite backlash

[@bademoxy]

and now millions of city people living in tents . Good job, LEFTISTS!

[@thelordakira]

ESG is not a scam ,it is a racket.

[@stevenanderson9660]

I will not invest in any company with a high esg

[@laminekongere8889]

The term ESG was first used in a 2004 UN Report by the Then UN secretary General 'Koffi Annan'.... Koffi Annan came up with this term... attribute good things to their originators even if they are black or African....SOY! Young Lady

[@Akum4Kam15ama]

Look at the entertainers industries, Movies, Shows, Videogames, Collectable Playing Cards like Magik the Gathered, Table Top Games, Ect..

[@maxwest6595]

What's 'Blakwak'?

[@SilenceAkyn]

So, they don't care if they have to sacrifice de media, tv shows, holywood as long as the message go trough because they get much more money from all others business that are afected by the message.

[@frankopanklaric]

I think coroporations should ne controlled. But not by blackrock. Corporations should answer to consumers.

[@WithSeb]

Go Woke Go Broke

[@aidancoutts2341]

If you want to privatise social change, Then private companies (as they do for every comodity) will spend money on the cheapest thing that looks like social change. That's what these scores are.

[@darrenasquith1170]

These rules are the broadest strokes of governance I've ever read. It's almost as if they can make shit up on the spot

[@Runtothefire]

Fight this crap!

[@jancyraniak4739]

Bloom... berg? Every single time.

[@Mattiedamacdaddy]

I love when companies put products, services, and customers second. I'm much more interested in how "ethical" a company is, and larry fink works so closely with the CCP he knows exactly what values our new Chinese overlords are looking for!

[@0miy0]

Ah Americans after 200 years of throwing ethics away fron business and market they suddenly act like this is new. All of Asia, and lots of Rthnic groups had some form of this since the middle ages except the common person actually supported the laws and wasnt over the top nonesense.

[@Nautiliam]

​@johnnystrokintip708 Well, Blackrock is free to decide where to put it's money isn't it?

[@chudchadanstud]

why specifically abortion access? Why should that be a company's problem? Should the company be concerned with what people do in their bedrooms?

[@cryo6975]

When ESG causing jobs lay-off because they can’t sell to the customers

[@drkRoss89]

What is with the people having some form of vocal fry in this video. It's kinda off-putting

[@rajcasio]

My view is that ESG is a good idea if you remove the S bit. Just have EG because it’s easier to measure. I also think adding S and big investors pushing ESG before there are any concrete guidelines is so that they shape people’s opinion. They want everyone to think that environment consciousness is same as the subjective “social” consciousness and part of the “woke” movement. So we all can throw the baby out with the bath water.

[@jancyraniak4739]

E is a scam too, it's a way to deprive the masses of the ownership of assets, including land and housing, by rising upkeep prices to unsustainable levels.

[@Magnulus76]

Your investing should reflect your values. I can't believe fools like DeSantis don't get this. I thought conservatives valued moral deliberation?

[@HHJ11]

I swear, the only behavior that Larry Fink and his fellow clowns can force me into is to hate and reject anything that he deems appropriate for his ESG garbage score.

[@quartytypo]

Humans should be genetically altered to accept ESG.

[@SonOfWalhall]

So its ESG that is destroying Warhammer atm

[@topdeot]

Using other people's money to make you feel good about yourself. Fantastic investment strategy.

[@whitetiana3022]

why did you cut gernamy out of the european union? lol did you think all of that was switzerland?

[@jeonesevenv9]

Enslaving Society Gradually

[@rodericksibelius8472]

Environment Social Governance

[@allenkrust4410]

I will not participate in ESG investment. Do that in China.

[@HarleenKaur-zq2he]

THE WOMAN LOOKS SO MUCH LIKE Miley Cyrus. Am I the only one to notice?

[@EricT01]

No I see that too.

[@brookrichardson1373]

I love how as an investor, I can invest in anything I want.

[@hp_0189]

It sounds like a new government 🙄 how is the gay sh it fit in?

[@stype8468]

Blackrocks ESG is calculated by a corporations push of transgender insanity. The score comes from a homosexual PAC called HRC human rights council.

[@ca6360]

Sustainable for who is what i ask? Economics of the Employees? How about that? Is he pressuring president not to lose us 20% of our purchasing power?

[@travissharon1536]

Larry Fink, a real life Bind villain.

[@DoctorPhileasFragg]

*Bond?

[@frankopanklaric]

We hate ESG. Thank you!

[@eamonnmurphy5385]

What has abortion access for your employees have to do with good governance in a company. Don't they realize that abortion is illegal in many states. Just this alone makes ESG political and divisive. Of course your going to downgrade a company in a state where there is no access. Hello😂

[@DevPythonUnity]

ESG is deopopulation agenda, the same as FEMINISM, and empowerment of women, this is organised gropup of people that wants to kil as manny people as possilbe

[@protennis365]

ESG is asocialism credit score.

[@imperfectpandaa]

Wonderful. Very informative yet balanced. Good work

[@originalkaidenthe666]

So basically ESG scores are not important

[@SR-pr2xz]

ESG = WEF Total Submission. You'll own nothing and be happy (not). Total control

[@Tomb-G19]

Teamsters union backs this garbage

[@SamuelAKing]

Some of you are so strange. ESG is used as an advertisement to get investors. It’s not a secret thing that works against shareholders, shareholders are buying into it on purpose.

[@Bemaseated]

Escalating Satans Goals (ESG) Said some guy I know…

[@ColonelEMHouse]

ESG is progressivism in banking.

[@XDgamer-lk8nf]

One big scam

[@user-ib9ky2jo9h]

lmao at all the repuglicans in these comments, im sure these businesses cant afford to lose your pennies

[@twiztidsidfreak13]

yeah, social, as in people, you know those that matter!