ESG is a good "nice to have" when interest rates are low and borrowing money is practically free. But when rates rise or in times of an economic downturn it all falls by the wayside. Sure, everyone focuses on the 'E', the environmental aspect which is good. But for social, and governance there are actual laws that cover these things. As an investor, I want a meritocracy, not forced diversity. Hire the best person for the job. If person A negotiated a higher salary than person B for the same job title why does that drop a company's ESG score? I want to invest in a company that will bring a return on my investment without breaking the law.
@Slowly_We_Rot17 күн бұрын
Exactly. Plus, none of this is business essential, yet they act like a company can't function without it.
@monicataylor741411 күн бұрын
Social doesn’t mean forced diversity. Not sure why that’s what you took out of it. The truth is if you treat your employees fairly you’ll have less turnover, which means less upstart costs for new employees and less loss of information when employees leave. All the “social” aspects, including injury prevention, have been shown to contribute to a company’s profit margin. You’re not an investor obviously, because real investors have seen the data to support these initiatives.
@LibreGlider11 күн бұрын
@@monicataylor7414 Part of the Social pillar is the check for DEI programs. These programs are not needed. If you need a program to ensure you're being diverse with its talent pools for recruitment or in its hiring processes, that means you are engaging in discrimination; there are laws that cover this. There are also laws for not treating your employees fairly, as well as regulations governing workplace safety. What qualifies you to be the arbiter of what a "real investor" is? Investors support these initiatives because the scores are tied to the ability to get loans. They hope the cash infusions aid the companies they're invested in using that money to become profitable/more profitable for better returns.
@LibreGlider11 күн бұрын
@@monicataylor7414 Part of the Social Piller is the check for DEI programs. These programs are not needed. If you need a program to ensure you're being diverse with its talent pools for recruitment or in its hiring processes, that means you are engaging in discrimination; there are laws that cover this. There are also laws for not treating your employees fairly, as well as regulations governing workplace safety. What qualifies you to be the arbiter of what a "real investor" is? Investors support these initiatives because the scores are tied to the ability to get loans. They hope the cash infusions aid the companies they're invested in using that money to become profitable/more profitable for better returns.
@LibreGlider11 күн бұрын
@@monicataylor7414Part of the Social pillar is the check for diversity programs. These programs are not needed. If you need a program to ensure you're being diverse with its talent pools for recruitment or in its hiring processes, that means you are engaging in discrimination; there are laws that cover this. There are also laws for not treating your employees fairly, as well as regulations governing workplace safety. What qualifies you to be the arbiter of what a "real investor" is? Investors support these initiatives because the scores are tied to the ability to get loans. They hope the cash infusions aid the companies they're invested in using that money to become profitable/more profitable for better returns.
@Uthpala_T8 ай бұрын
Really helpful👍
@Slowly_We_Rot17 күн бұрын
Bourgeoisie luxury ideas which aren't business essentials.
@wokecultsАй бұрын
Produce less, make everything more expensive, and ruin people's lives. Thanks ESG! 😆 Happy this BS is dying.