Another reason to hate Black Rock.

[serendipity]

If you want to invest in socially conservative companies that are poorly run, I am fine with that.

ESG is woke bullshit, that's all you need to know.

 

[ExpressLane]

Rachael who???

Never even heard of her.

You know you love a woman in a uniform. Now stop trying to deny your girlfriend she is going to be pissed at you.

 

[serendipity]

You know you love a woman in a uniform. Now stop trying to deny your girlfriend she is going to be pissed at you.

I really can't believe that he's never heard of he!!

 

[Walt]

ESG is woke bullshit, that's all you need to know. Oh and Elon Musk agrees. Doesn't surprise me that you buy into it though.

Musk has lost more money investing than anyone else in history.... But he is free to invest however he wants, just like the people who use ESG as an investment strategy.

 

[T. A. Gardner]

Inside the CEI system pushing brands to endorse celebs like Dylan Mulvaney


Executives at companies like Nike, Anheuser-Busch and Kate Spade, whose brand endorsements have turned controversial trans influencer Dylan Mulvaney into today’s woke “It girl,” aren’t just virtue signaling.

They’re handing out lucrative deals to what were once considered fringe celebrities because they have to — or risk failing an all-important social credit score that could make or break their businesses.

At stake is their Corporate Equality Index — or CEI — score, which is overseen by the Human Rights Campaign, the largest LGBTQ+ political lobbying group in the world......

..The main categories are: “Workforce Protections,” “Inclusive Benefits,” “Supporting an Inclusive Culture,” “Corporate Social Responsibility and Responsible Citizenship.”

A company can lose CEI points if it doesn’t fulfill HRC’s demand for “integration of intersectionality in professional development, skills-based or other training” or if it doesn’t use a “supplier diversity program with demonstrated effort to include certified LGBTQ+ suppliers.”....

The CEI is a lesser-known part of the burgeoning ESG (Environmental, Social and Corporate Governance) “ethical investing” movement increasingly pushed by the country’s top three investment firms. ESG funds invest in companies that oppose fossil fuels, push for unionization, and stress racial and gender equity over merit in hiring and board selection.

As a result, some American CEOs are more concerned about pleasing BlackRock, Vanguard and State Street Bank — who are among the top shareholders of most American publicly-traded corporations (including Nike, Anheuser-Busch and Kate Spade) — than they are about irritating conservatives, numerous sources told The Post....



==============================


First ESG and now CEI. And they are doing it with our money. Divest from Black Rock if you can.

Do what I did. Review your investments then DEMAND that your personal banker, investment manager, or other financial person(s) you work with divest you of all companies with a high CEI or ESG score. Make it clear you don't want to invest in anything of that sort.

 

[Walt]

Do what I did. Review your investments then DEMAND that your personal banker, investment manager, or other financial person(s) you work with divest you of all companies with a high CEI or ESG score. Make it clear you don't want to invest in anything of that sort.

And you should have that right. Black Rock will gladly do that for you, but so will many, many other companies.

If Republicans start banning companies for offering you that choice, the government might not end up making the choice you want.