The ESG investment backlash is beginning to have an impact | FT Moral Money

[@elpsykongroo8308]

In short "They have caught on to our scam...it's time to change our terms if we wish to keep the scam running"

[@greendog105]

Precisely 😂

[@ruvanefriebus-cv6td]

@@greendog105 Most like Disney chose to commit suicide

[@gruby970]

'oy vey, shut it down!'

[@joejanczak3014]

Odd how FT points fingers at conservatives and labels them as "right wing." But FT doesn't label the views on the left socialists as leftists or other labels.

[@konstm.s.236]

Because ESG is not left wing. This is what makes it funny to me. It’s Neoliberal. The left wing solution, which i personally think is actually right, is government action. One company saying lets do xyz to combat climate change won’t actually help if everyone else doesn’t. You need government action. ESG is the illusion that you can fix big problems with individual action. Funny that the right now attacks that

[@circularisnotthis4316]

Right wing is a stand in for insane. 😂

[@Jabberstax]

That's the British media for you.

[@justinsidious9772]

Welcome to earth.

[@joeb6705]

Odd how right wingers take "right wing" as an insult

[@sterlingbradford3799]

What an unbiased video haha… these people are so angry you can feel it.

[@Jay-cp9kd]

What gave you that idea?? Was it the squinty faces of Tucker and Ronny D? Or perhaps the typical lie about the FL Parents Rights in Education bill being called the “don’t say ghey” bill?? Lol

[@cleverman383]

I like the part when it shows the Anti-ESG people standing in a tall building surrounded by barrels of oil

[@icywindow458]

Keep the pressure on ESG. They won't stop their agenda, so we gotta hit em where it hurts. The pocket!

[@kofiamoako3098]

What an unbiased opinion on the matter😂

[@shanemacc]

Ya sounds like she drank the kool-aid

[@noremac4807]

ESG is a corporate social credit system, and will then be rolled out as a personal social credit system…with full control of people’s lives Just a matter of time

[@rjonzun5828]

Yep. Some people may scoff at that but just you wait and see.

[@Disgruntled_Canadian]

Bingo

[@Pyovali]

It's already controlling employees

[@Blaze6108]

The USA has had a social credit system for decades. It's the way your loans get approved.

[@funkydanieluk]

ESG sounds incredibly sinister.

[@bicyclist2]

It is!

[@JoseRRodriguez]

"Sinistra" in latin (and italian) means literally "left"

[@Disgruntled_Canadian]

It is

[@Fubukio]

That's an understatement.

[@Jabberstax]

It is.

[@freds2336]

How outragous those voters elected politicians that disagree with a CEO whose clout comes from voting shares held in street name. Who elected Larry Fink, or 'gvoernment regulators'?

[@Abelone-Alvilda]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@BimsaraHerath]

*"Sponsored by Bain and Co."* 🤣🤣

[@fluffybunny5518]

You are missing a major criticism point. Being against the ESG label is not necessarily being against its ideas. The problem with ESG is that it is a non-standardized label and thus just confusing the more conscious investors. This is a deliberate situation as most companies prefer it this way since it allows for “green” washing their activities. ESG needs an internationally recognized standardized certification granted, controlled and enforced by independent institutions. Furthermore, there needs to be different ESG classification as the focus can differ from ecological, gender, social and other “norms”. The term ESG at the moment is utterly pointless devoid of any clear meaning. Without fixing the mentioned issue ESG is nothing more then just a marketing tool to fool the consumers.

[@domcizek]

GOOD THOUHT

[@choty7066]

It is a way for larry and the others to control companies and people. Since esg isnt clearly defined they can change it to whatever they want

[@domcizek]

@@choty7066 ITS VERY SIMPLE, THE LESS POLLUTION AND THE HIGHER PAY FOR THE WORKERS AND THE BETTER YOU TREAT OUR WORKERS, THE HIGHER THE SCORE YOU WILL GET, ALL GOOD FOR THE WORLD

[@Disgruntled_Canadian]

They’re not fooling anyone

[@Disgruntled_Canadian]

@@domcizek wake up old man

[@ogChaaka]

SriLanka had the highest ESG score on earth. That turned out nicely.

[@misternavin]

That's just not true. Where did you get that idea from? The Nordic and European countries dominate the top, and Sri Lanka is far from it.

[@philippesails4973]

What a « brilliant » line, hope you think straighter generally, being able to segregate short term / long term… but your line was funny!

[@ogChaaka]

@@misternavin Sri Lanka was 99/100 rating. The only countries higher are mostly 3rd world wastelands with zero industry. There is no denying that the pursuit of ESG initiatives have completely ruined the country and thrust 20 million people into abject poverty and famine. ESG scoring (really, any central planning) inevitably leads to collapse and should be discarded immediately.

[@misternavin]

​@@ogChaaka, meh. That’s not correct or funny - even if it’s obvious there is no reference worth its salt that would present that. 99/100 rating for developing countries, where almost all can’t yet measure ESG correctly. That makes no sense.

[@physe8052]

What happened to Sri Lanka had little to nothing to do with ESG. The first major problem was decades of systemic financial mismanagement by the government, saddling itself with tremendous foreign debt. The second problem was the collapse of the domestic tourism economy thanks to covid. The loss of tourism revenue meant the government now had even less ability to handle the interest on its debt. Finally, the president decided to immediately ban all synthetic fertilizer imports. The rationale was not utopian or progressive, but instead simply economic. Given that Sri Lanka is heavily dependent on agriculture, if the country could minimize imports related to that industry then it would maximize net profits after exporting it. In theory not necessarily a bad idea. The problem was there was no industry, infrastructure, or any kind of scalable system in place to replace the lost fertilizer, either synthetic or organic. The agricultural industry wasn't given enough time to effectively transition. ESG was only even mentioned as a way to attract more foreign investment.

[@claypoole702]

Calling Tucker Carlson... 1. Controversial 2. Right Wing Made me laugh like crazy. Drop all the false pretenses about all of this. The media is the one corporate industry that has been allowed to print complete lies and get away with it. Start calling ESG by what it really is... #JustAnotherSocialCreditScore

[@nevadataylor]

Just like being a good capitalist in America.

[@EnderViBrittania]

@@nevadataylor Cope and seethe communist

[@nunyabeezaxe2030]

@@nevadataylor Better to be a capitalist in the US than a book-burner in the UK

[@hgu123454321]

I was honestly pleasantly surprised they left out the qualifiers "far" and/or "extreme"...

[@TerryTRSPanda]

Tucker recently visited Moscow and looked at their Train system and he was like "This was funded under communism, If America is '#1', why can't we have nice things like this?". He's most certainly not a communist. If he's right wing, he's a moderate.

[@justinpagelawrie]

ESG is universally hated.

[@gilian2587]

Some people are making hand over fist on it. I suspect these people are those who get to determine how ESG is defined.

[@brianshea8565]

Corporate America must dump ESG Design now ! ! !

[@Safe-and-effective]

What's wrong with placing liberal ideals over competence? Don't you want your airplane pilot to be the most diverse person the company can find?

[@brianshea8565]

@@Safe-and-effective I don't care how diverse the pilot is. I hope that pilot was place in that seat, based solely on merit and experience.

[@nevadataylor]

Yeah, because we have icebergs growing out of control in the arctic, and year after years fires around the world are less and less.

[@nevadataylor]

@@brianshea8565 Merit and experience?! ... under capitalism the pilot most likely got his job because his daddy owns the airline.

[@dallassegno]

There will be huge lawsuits

[@wesleysanders8570]

there are other issues: ESG - why should these letters be lumped together? Many would choose to focus on one or another of these metrics instead of a hodge podge of all of them which muddies the picture.

[@henryjames9222]

I agree we are lumping lots of things together it seems like

[@cleverman383]

That's the point. You focus on the stuff everyone agrees is a good idea, then also slip in the more controversial stuff

[@heijd]

Companies do not have a fiduciary duty to maximize returns. They have a fiduciary duty to serve the interest of their shareholders. Whether that is maximizing returns or ESG related is up to the shareholders to vote on.

[@geraldvance7925]

However companies will have diminishing returns by ruining their franchises trying to get a higher ESG score. Disney is becoming an example of that. Star Wars Marvel and Pixar are starting to have diminishing returns. They put virtue sibling over making the customers happy. Now they have lost a chunk of their audience that they will not get back.

[@domcizek]

SORRY, WRONG, INVESTMENT HOUSES LOOK OUT THE NEXT 20 30 YEARS AND ONLY INVEST IN WHAT THEY THINK THEY CAN MAKE MONEY ON, OTHERWISE ALL THEIR INVESTORS WOULD LEAVE THEIR FIRM, AND IF IT HAPPENS TO BE A LOT OF ESG STOCKS, WHO CARS, TESLA NOW GOING THRU THE ROOF AND EXPECT TO HIT 1500 DOLLARS PER SHARE, AND A MAJOR PART OF THE NASDAQ INDEX, AS IS MICROSOFT, WHICH IS THE HIGHEST RATED ESG STOCK ,

[@cristopherjeffery6737]

wrong this is not how business is conducted - there is a universal competition going on and it pushes business to have to operate at its best or it will fail

[@geraldvance7925]

It's interesting because years ago a lot of companies thought the way you did. Disney for example. They put ESG and woke ideology before profit and making their customers happy. They have been suffering diminishing returns ever since. I don't know if you heard but Victoria Alonso was just fired this week. I think companies are shifting away from message over profit model and going back to profit. Companies have lost too much money vecause of virtue signaling and social engineering. Now some of these companies will be lucky if they survive another 5 year. Putting messaging over profit only works in a booming economy and returns our profitable. Because of the recession and COVID companies no longer have that luxury to put messaging over profit.

[@domcizek]

@@cristopherjeffery6737 THAT IS RIGHT, YOU CAN INVEST IN ANY STOCK YOU WANT, BUT IF YOU DON'T MAKE SOME MONEY BY NOT PICKING THE RIGHT STOCK, ITS YOUR FAULT, , THERE ARE NOW A LOT OF ESG FUNDS THAT YOU CAN INVEST IN IF YOU WANT, IF YOU DONT YOU DON'T HAVE TO BUT THERE ARE NOW OVER 73 TRILLION INVEST IN THE HIGHEST ESG STOCKS, THE BIG BOYS KNOW WHATS HAPPENING WITH THE TRANSITION TO ELECTRIC CARS, SOLAR, WIND, NUCLEAR AND HYDROGEN

[@phizzhead53]

Change the E in the score to measure how effeciently a company uses raw materials and energy, the S to be based on customer satisfaction with the company, and the G to be a score for employee satisfaction. This new metric would be good information for a investor (if the employees are happy, the customers are happy, and the buisness is not being wasteful(not at risk of running out of critical resources), and the balance sheet is showing profit, this new metric would be superior to esg (and a index with compines scored with my new metric would likely be good investments)

[@davidsvarrer8942]

The bottom line is one: If there, genuinely, in the real world where most of us live, are issues which seem to be severe and/or developing to become severe - then we should deal with the issue, rather than labelling it something and then see the groupings of politicians, economists, lawmakers, lawyers and industrialists sitting and biting each others heads off, due to that they have different ways of labelling the issue at hand, depending on their affiliations and selfish interests.

[@jonathandawson3091]

It's about time someone did something about this woke victimhood diversity agenda that's ruining everything.

[@henryjames9222]

Some of us poor people just want the best return for our retirements and cant take a ESG risk let the rich do that thru innovation

[@Safe-and-effective]

The chinese social credit score system applied not to individuals but to companies, through the lens of Western neomarxists. Yeah, I wonder why there would be a backlash against it. Nice unbiased reporting there, FT.

[@TheBanshee90]

Worst is that the companies aren't using their own money they are using the general publics retirement (pension and 401k) to push this slop.

[@paulopereira3274]

The concluision is a joke!

[@xyincognito]

Looks like, someone doesn't understand what ESG investing is all about.

[@JodyBruchon]

@@xyincognito It's about forcing leftism by any means necessary.

[@EnderViBrittania]

@@xyincognito Found the leftist.

[@douglasengle2704]

Corporations like ESG criteria because it provides solid accounting like qualifying of their community building endeavors. In theory a good part of ESG should steer the corporation presence to minimally burden society while striving to improve it besides providing a tax base and employment for the greater community. ESG with Woke politics and carbon dioxide global warming fraud, (earth's greenhouse effect is held at saturation by water vapor, increasing greenhouse gas concentrations can't make it go any higher and that is the only place greenhouse gas behavior is active) has turned ESG into a destructive force to the greater social good.

[@quincyjackson7855]

Capital investments and future loans shouldn't be given on subjective values and scoring. States should ban the scoring and shame pro esg companies and pro esg legality into suicide.😊

[@danjager6200]

One issue with ESG is that many companies are NOT being socially aware. Take Disney as a prime example. Their focus on business interests in China has led them to ignore a genocide in favor of the pursuit of profits. Ignoring racial and cultural issues, many ESG companies are also not environmentally friendly as they focus on things like fast fashion, consumer goods using non sustainable components, and disposable products that are shipped across the world.

[@inbox0000]

exactly, much of it is wokewashing to appeal to the growing progressive demographic.

[@danjager6200]

@@inbox0000 Both the far right and the far left are minorities in their given groups. The majority of the population skews to moderation. Practically every study has shown this.

[@Jay-cp9kd]

@@inbox0000 is it growing tho?? Or do they just have the most unhinged loudmouths, and control of the lefty media?? Because in real life, I’m seeing a lot more people agreeing that the cross dresser agenda being pushed in this country is a big turn off

[@Disgruntled_Canadian]

One issue?There are many, but to sum it up it’s all a scam.

[@aaronjenkins2135]

The G in ESG stands for government and when the government is in the private sector dictating the direction of the capital. That’s called fascism folks.

[@ericdraccip]

No it doesn't

[@williamsawkiw2640]

The “G” stands for “governance”, not government. You might want to look up the difference.

[@Safestill]

@@williamsawkiw2640😂

[@MrChampionchimp]

What a silly thing to say It's corporate Governance. As in, leadership. Have you heard of Boards?

[@dallassegno]

Esg stands for "Do not invest"

[@MidnightRambler]

“Controversial” 🤔

[@nonamenoname9550]

Well, looks like there is still hope for us.

[@thehazelnutspread]

This was the most HONESTY I've seen in years. Excellent

[@jasonhutton8283]

ESG is a corporate protection racket.

[@brandonsheffield9873]

I for one am an anti-social person. I dont care about anyone except my own family. I will not bow down to this ESG social credit crap. Neither will my kids as I have raised them better than this.

[@christinaconnolly6822]

Oh thanks the FT a paper I delivered as a kid on my paper round. Thank goodness I don't have to touch you now what with your poor reporting on the banks blackmail to corporates that if they don't follow EScG rules it'll be hard for them to access much needed fluid loans. Cripes I'm three degrees in and I'm still shocked at the lies educated people can tell.

[@MrChris20912]

Interesting what happens when the style of development finance the World Bank (and many other development banks, credit unions, co-ops, or any other financial institution with a general public good as part of it's charter) practiced for the past 50 or 60+ years is finally turned to richer economies. Suddenly, those same environmental, social, and governance goals which were applied to the rest of the world for so long, aren't in alignment with fiduciary ethics or the desires of 'activist investors' to squeeze every penny possible from an organization. We are barely into the opening credits of this drama. The squawking will get much wilder!

[@martinsmith6049]

You might want to do a recap after Bud Lites implosion.

[@Sage521]

The Bank Gangsters are at it again.

[@zzappligator]

As a client I am asking that my advisors declare, as a fiduciary duty, all fossil investments that may be in my portfolio.

[@sackustwilight6957]

The filth of ESG….blackrock,vanguard etc

[@Pyovali]

It sounds like Financial Times has a lot if ESG investors

[@dynamics9000]

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. --Ayn Rand\\\

[@d.owczarzak6888]

Down with ESG !!! Down with Blackrock !!!

[@HolloMatlala1]

ESG needs to be ISO'ed standardized

[@whitetiana3022]

i don't even have a problem with the E part in ESG. it's the SG part which leads to the DEI and virtue signalling that pisses me off.

[@aryanbarnwal5645]

Look at the dislike to see the truth

[@jonathandawson3091]

It's not "don't say gay" bill. Do your research before making these videos.

[@stevendefehr4393]

Not a bad little video 👏 I'm in Canada and work for the largest baking company in the world. I work in a plant near Vancouver Canada. I've been there 35 years. They went head long into ESG about 8 years ago. The results of which are showing up in very negative ways especially the last 3 years. Just devastating!! There is absolutely no drive to be a lean mean profit making machine like in the past Poor quality hiring of management, poor quality hiring of associates, poor quality maintenance, poor quality decisions in every department. In the last year the loss of two huge contracts. If only the shareholders knew what was going on . In my experienced opinion this ESG is a scam $ but someone's raking in the money I just can't figure out who? Cheers everyone from western

[@l.mpatamali8738]

Those challenges never existed in the first place as they were being portrayed by the more privileged elite who have no idea what the critical issue is within society ..for instance, why is poverty increasingly prevalent in some societies that will be directly affected by these ideologies

[@BlueVenom9]

destroy esg

[@shopshop1971]

Budlight is what happens when you take esg seriously.

[@rerun374]

Typically investors want returns on what amounts to a risk. What will they do with diversity?

[@Izokaytobewite]

This will decimate small business. Lg corps will rule the world

[@LolcowFarm-qr3if]

No small business dont need this. Alot of new companies are being made now do to wokeism

[@nevadataylor]

Wont decimate small businesses any worse than capitalism.

[@mpdmmpdm2529]

@@nevadataylor Small businesses ARE capitalism, what you think capitalism is would be corruption.

[@spinbadmonkey108]

Talk about getting roasted in the comments😂

[@brianparra15]

Jenkintown Anadarko west

[@brianparra15]

Irish-American

[@CaKMKarthik]

Green is necessary but cultist attitude of LGBTQIA proponents is scary for partially conservative people like me. We are willing to learn, understand and change but this hardline attitude of excluding, cutting off our employment opportunities and antagonising us makes us vulnerable to Tuckers propoganda.

[@stephenconway2468]

You need to get over that. The opposite is cultish for others. Consider the funds going into extreme right wing "god fearing" nutters. There is a middle ground. Listen to what you need to listen to and ignore the fringes that you are unhappy about. What I tend to do is cite 2 things. 1) Green is economically the best option, and 2) Green is the best for national security.

[@CaKMKarthik]

@@stephenconway2468 True 100% with you regarding the importance of clean energy and conservation.

[@RenegadeElite101]

Whoever decided to bundle ecological policy with culture war issues were foolish. More people can support saving the planet than on divisive cultural issues , by pairing them together you lower the culminating support rather than increasing it. Honestly at this point I wouldn’t be shocked if the founders of ESG (the real money behind it) decided to create it as a way of sabotaging the green movement by making it so politically toxic to the political parties that they couldn’t risk even remotely supporting it. Same thing happened with Gun control and gun violence research. They were made so politically toxic that neither party could risk supporting or opposing it without risking their careers (Dems have to support typically and republicans have to oppose)

[@stephenconway2468]

@@RenegadeElite101 I agree. Ecological issues should be universal across the political spectrum.

[@gilian2587]

Are you willing to cut off using oil cold turkey?

[@milenatos]

Lol please! Most private equity uses ESG merely as a buzzword anyway, rarely anyone actually invests in sustainable projects. Even public calls backed by EU funds are financing the non sustainable projects. So basically greenwashing like it happens on all lavels -your money is safe no worries...Your grandkids are going to pay the price though

[@Based_Is_Best]

This was almost a good video until the very end

[@larrybethune3909]

Love the burning world graphic at the end. (Doh!).

[@SaadonAksah]

Wow. Thats something to think about

[@roc7880]

I believe u have the right to invest how you want. The gov has no right to block banks from using ESG.

[@sackustwilight6957]

The future of slavery

[@nickbagnall]

A rebranding of the scam is quickly required

[@esser7678]

You should put a profesional in the mic not a guy with a lisp to satisfy the ESG score

[@zacharydavis4398]

Thanks for spending the time to create and share this content awareness/perspective

[@kerrinnaude2777]

Lord have mercy, this is wild propaganda.

[@Day_Chap]

ESG advocates: Claiming we are sabotaging the economy is a conspiracy theory ESG: Sabotage your economy

[@brianparra15]

Spring wiwh

[@brianparra15]

Diehard

[@kristapsm3902]

You lost me at "Sponsored by Bain & Company"

[@brianparra15]

Orin

[@brianparra15]

Orono

[@sagefields]

The absolute seething by these people for getting called out. LOL! They even use the ugly globohomo design for this biased report.

[@exhaustus7437]

None of them have any right to talk about the environment, and none of these journalists do either. You all want to argue with Environmental Scientists, but none of you are arguing with physicists. The perversion of these topics makes me sick.

[@LolcowFarm-qr3if]

Great stuff

[@rev.jonathanwint6038]

You really need to fire the creator of this video.

[@michaelp9541]

DEI Didn’t Earn It I proudly Boycott all companies, entertainment and people who promote and support DEI / ESG…….

[@brianparra15]

Krishna

[@brianparra15]

Rowing

[@mpdmmpdm2529]

Well, this video just shows that Financial Times isn't worth listening to. No subscription for you.

[@genevaict21]

I love how the mechanism under capitalism through which people are supposed to be able to enact change is through consumer choice. X brand doesn't fit into my values as a consumer so I'll buy Y brand. Then when companies try to tailor their operations to better serve that base of customers the shareholders step in and crack the whip. It's almost like there is no actual way to enact change under a capitalist organization of the economy and that the onus to make companies behave better is on the government.

[@DuelyusSeazer]

I agree. Wrestled with this loop myself. Problem is, I don't trust government because of lobbying, incompetence and corruption. Corporations prove they can and will dictate the free market and are utterly destructive to societal balance and the environement. Publicly elected officials in government have proven to be immeasurably corrupt grossly incompetent. As we've seen from elections throughout history, and even recently, the people are incapable of effectively making good voting decisions. Especially consistently. There has never been a happy and sustainable society governed by a Military. Academic Institutions are proven to be too stupid(despite average intelligence), corrupt, incompetent and easily influenced to govern a nation. With our options covered, where do we go from here? Thats where I'm stuck. An endless loop of incompetence, corruption and violence as options Edit: I don't believe the West is a free market capitalist society anymore and hasn't been since the early 90's. Between ESGs, the central reserve banking system, corporate lobbying of our politicians and a very evident push from all angles to destroy culture, gender and religion, I believe we are a Limited-Free Market Corporatist society. Continual use of the term Capitalism allows the middle class to trust corporate actions as actions towards Capitalist Interests(increasing GDP)

[@JodyBruchon]

Here comes the anti-capitalist who doesn't understand the difference between capitalism and corporatism.

[@EnderViBrittania]

Found the communist

[@Zer0Spinn]

Please tell me you are not over the age of 14, I need to keep some faith in humanity.

[@The_ZeroLine]

I’m a big believer in capitalism, but not completely unfettered capitalism. There needs to be a revision to what fiduciary duty to shareholders means. The duty should only be one of long term profitability. Not maximizing shareholder fiduciary duty at the cost of long term company health, the cost of at least decent treatment of employees or things like selling to a dictator who will use the company’s product for evil purposes.

[@markjameswilkes]

Hahahaha

[@ftr841]

As an investor it’s up to me what I choose to invest in. I don’t need alt right nutcases telling me what I can and can’t invest in

[@domcizek]

THAT IS TRUE,

[@billbillerton6122]

Invest in whatever you wish. I myself will only invest in companies that disregard ESGs completely.

[@Zer0Spinn]

You know? you are right, but I will suggest some gas and a lighter, they're faster than ESG investing at turning some money into no money

[@Pyovali]

Yes, but you'll lose a lot of respect if you invest in ESG. You're helping the decline of the Western world

[@dmacbain8326]

used to be called fascism

[@DaneofHalves]

I like how the title of this video has "beginning to" in the title. You guys aren't very good at analytics. The impact has been felt for years and years. Beginning to....

[@DanielleThomas-d7v]

SriLanka had the highest ESG score on earth. That turned out nicely.

[@rerun374]

Typically investors want returns on what amounts to a risk. What will they do with diversity?