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The “S” in ESG (for “Social”) is a tool to nudge and even push America towards adopting woke ideology through the workplace.
In the second part of this series, 1792 Exchange CEO Daniel Cameron details how the Human Rights Campaign (HRC) works with major fund investors like BlackRock, State Street Bank, and Vanguard to ensure that companies are willing to cave to consciousness-raising ideology in order to secure investment capital.
In this discussion with Breitbart News editor-in-chief Alex Marlow, Cameron explains that the “S” in ESG (short for environmental, social and governance) can be roughly summed up as diversity, equity and inclusion (DEI), promoted by the Human Rights Campaign. “The far left wants to move away from meritocracy, which is the founding principle of this country, to a world based on identity,” he says.
The DEI movement encourages companies to hire employees based on their sexual identity and make promotion decisions based on race, sex, or other factors related to an individual’s identity. The movement claims discrimination against vendors who do not have conscious sex and gender policies. The “inclusion” part of DEI seems to only apply to those with far-left ideological leanings.
“When we think about S. [in ESG] “When you talk about ‘social,’ or when you think about social change, the market is speaking for itself when you look at Disney stock or Bud Light,” Marlowe said. Disney stock has plummeted due to woke movies and Disney’s opposition to a Florida law protecting children from sexual temptation, while Bud Light’s sales have fallen dramatically after a promotion featuring a transgender person.
While companies seem to be sinking deeper and deeper into the DEI quagmire, some states are getting wiser.
Some reject DEI altogether because it is commonly believed that diversity, equity, and inclusion are discriminatory and may promote far-left ideology. For example, in Texas, Governor Greg Abbott signed a law banning DEI initiatives in higher education. According to the Associated Press, the law: report“It prohibits training or activities related to race, color, ethnicity, gender identity or sexual orientation. Additionally, the law, also known as SB 17, prohibits employees from making hiring decisions influenced by race, sex, color or ethnicity and prohibits them from promoting ‘discriminatory’ or ‘preferential’ treatment or ‘special’ benefits to people based on these categories.” According to the report, five states have passed bills opposing DEI programs, and about 20 more are considering them.
Cameron hopes companies will follow suit. The “S” in ESG leads to “bad decisions for business and ultimately for the country,” he said, noting that companies should “focus on promoting people internally on merit, not, again, on identity. Martin Luther King said we should judge people by the content of their character, not the color of their skin. Let’s get companies back to that.”
of 1792 Exchange “It’s about working with companies to help them get back to neutrality, get back to the middle ground,” Cameron said.
of 1792 Exchange uses a data-driven approach to fight back against this woke ideology, and their Spotlight Bias Report includes:
Corporate Bias Assessment Database – The left-leaning Human Rights Campaign tells companies that the more conscious they act, the better. 1792 Exchange says the opposite: the more business-focused they are. The database rates nearly 3,000 companies on how much risk they are taking by engaging in conscious policies. The ratings help companies determine how likely they are to cancel contracts or customers, or be boycotted, divested or refused service based on their views or beliefs. It warns customers and shareholders about what the company is doing.
Proxy Database – It includes a data table for state officials showing the percentage of pro- and anti-ESG shareholder proposals supported by each state’s pension funds in 2023, based on data from investment managers in each state. It also helps shareholders be informed and prepared for controversial shareholder proposals that will be debated at shareholder meetings.
Board Bias Database – If you have ever wondered why companies decide to get involved in political issues, it mostly concerns the directors and executives of public companies. This database lists their names, political affiliations and political donations. With this database, it is easy to see how biased some corporate leadership is. Extremely left-leaning with very little representation of the other side.
Information is 1792exchange.com It helps companies get back on neutral ground and focus on their business, and it also helps you decide where you want to do business as a customer or consumer, and where you want to invest as a shareholder.
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