This is going to be a post about politics – specifically ESG and I want to connect a few dots. ESG has been talked about a lot and among the right it’s sort of become like a shorthand term for “evil corporations,” but that completely misses the point. Corporations didn’t just decide to adopt ESG, which stands for environmental, social, and corporate governance out of thin air.
ESG came about out of UN initiatives. In 2004 the UN formed the UN Global Compact, so this goes back to when George W. Bush was president and the US and major US banks, investment corporations and large corporations have been on board with all of this since the beginning. None of this ESG agenda would be happening in America without the full support and prodding of the US government. This is true around the world – the UN agenda from this 2004 UN Global Compact, where the term ESG was first used, to the 2015 UN Agenda 2030, which lays out an ambitious 2030 timeline to transform the world into an environmentally, sustainable utopia, where equitable governance is universal was signed onto by almost every country in the world.
In 2004 this Global Compact report came out: Who Cares Wins: Connecting Financial Markets to a Changing World. On the title page here’s the blurb at the bottom:
ABN Amro • Aviva • AXA Group • Banco do Brasil • Bank Sarasin • BNP Paribas • Calvert Group • CNP Assurances
Credit Suisse Group • Deutsche Bank • Goldman Sachs • Henderson Global Investors • HSBC • IFC • Innovest
ISIS Asset Management • KLP Insurance • Mitsui Sumitomo Insurance • Morgan Stanley • RCM • UBS • Westpac • World Bank Group”
This ESG effort isn’t just about “woke companies” promoting American leftist policies; it’s a global effort, endorsed by almost every country in the world – including the United States. That’s why all these silly right-wing reactionary antics about “ESG” and “woke companies” is rather pointless, in my opinion. Every major US corporation has had to get on-board with the ESG agenda, because all of the big investment firms and banks have adopted this ESG agenda – since the early 2000s.
So, let’s fast forward a few years to 2015, the year the UN adopted Agenda 2030 – here’s the link to that: https://sdgs.un.org/2030agenda.
I don’t want to ramble on a lot about my personal feelings or thoughts about ESG or Agenda 2030 or the WEF & Klaus Schwab, because my intention with this post is to draw awareness to how ESG and “woke companies” aren’t acting alone – they embarked on this, because most governments around the world are 100% behind this effort, including the United States of America, and the ones that aren’t 100% are being pressured to pay lip service to it, or face having investment and development aid being cut off.
I came across this June 2020 Forbes article, Demystifying ESG: Its History & Current Status, which provides a lot of details on why we started hearing so much about ESG since 2020 – and that’s about the acceleration effort proposed by the World Economic Forum crowd, to use the global pandemic economic turmoil as an opportunity to speed up the global transformation goals in Agenda 2030. This is what Klaus Schwab, the founder of the WEF termed – The Great Reset.
Right-wing pundit media types started blabbing about The Great Reset and ESG a lot in the past two years, but they’re so far behind at really grasping that governments around the world, including the US, the UN and major financial and investment corporations, have been laying the groundwork and implementing these policies since the early 2000s and by the time the UN adopted Agenda 2030 – in 2015 – major corporations and banks around the world were already on board completely.
People on the right getting on their high horse saying they’re going to boycott this or that company, because of ESG or “woke policies” really completely shows a lack of reality – almost everyone lives within these systems and relies on goods and services from major corporations and/or the government, which are fully invested in advancing the ESG goals. There isn’t any easy opt-out option for any of us – that’s the bottom-line.
Anyone who thinks that getting angry about something and coming up with a quick reaction – like “I’m done shopping there or there or there!” is going to deter or stop a major global effort that’s been underway for almost 20 years and backed by almost every country and major corporation in the world is delusional. Everyone will have to decide for themselves how much they’re willing to go along to get along in this situation, just like during the pandemic. I resented some of those policies too, but I also need to see my doctor and have tests done sometimes that required me to comply with rules, I didn’t agree with. I’m not judging other people for the choices they make or what they believe about the pandemic, the environmental issues or any of the so-called “woke” agenda, because frankly, there’s so much bad information in the news and social media environment that it’s a total wasteland.
I have my own thoughts on how, if things spiral out of control with the Great Reset in too many places in the world, that could propel many rapid changes to occur, but like everyone else, I don’t have a crystal ball. ESG ain’t going away – that’s the reality.