Op-Ed: ESG vs. USA | Coeur d’Alene Press
ESG is a relatively new term for assessing environmental, social justice and governance impact. ESG scores have become an integral part of the assessment of companies used by governments, non-governmental organizations and banks around the world.
Just as an individual’s credit score can determine their ability to buy a home, high ESG scores are increasingly important in ensuring the continued profitability of any business, freedom from prying regulations, and investment capital. for future growth.
In other words, instead of a company being judged on its objective business practices, it is increasingly being judged on subjective standards of ideological conformity.
It is no longer enough for an entrepreneur to provide a useful product or service at a fair price and with good customer service. Nor is it enough for an owner to build an efficient organization made up of dynamic and competent professionals who are dedicated to making a profit.
Today, business leaders are being manipulated into twisting their businesses to serve a decidedly left-wing agenda. This is a great reason why, in the face of intensifying consumer backlash, so many companies are stubbornly implementing increasingly divisive ideological policies.
From the consumer’s perspective, companies that “wake up go bankrupt.” For example, Disney’s willful destruction of the Star Wars franchise by replacing classic mythological storytelling with an allegory of social justice was a financial disaster. Ads by razor company Gillette attacking “toxic masculinity” sparked a boycott. So does Coca-Cola’s demand that its employees strive to be “less white.” Even the Salvation Army recently proclaimed a social justice agenda that has damaged its public reputation as well as its fundraising.
Yet, from a business perspective, making efforts to implement ESG just became part of the cost of doing business. This is by no means the first time that contemporary businesses have knelt before political imperatives. Any company that wants to operate in the People’s Republic of China must remain silent about the communists’ genocide against the Uighurs in Xinjiang, their efforts to eliminate Tibetans in Tibet, their crushing of a free people in Hong Kong, and their threats to even after conquering Taiwan.
In fact, the ESG is based on the Chinese Communist Party’s Social Credit Score. Every person under communist control is rigorously evaluated in their every observable word and deed. Encouraged by US tech companies, cameras everywhere with facial recognition software allow the CCP to discern more about individual conduct than George Orwell’s telescreens from his dystopian novel “1984.”
Every private action is open to party scrutiny. Politically correct actions bring business, educational, residential, travel, and entertainment opportunities. Dissent leads to loss of job, status, home and even identity. Every person is relentlessly punished for any thoughtcrime.
It is this system that the international left has imposed on private companies in the West. And, if companies betray their customers to curry favor with ideologues, it seems to work!
ESG is the “critical race theory” of today’s business climate, a political power grab designed to circumvent democratic deliberation by politicizing commerce.
Each of us, as customers, employees, shareholders, entrepreneurs and citizens, should be asking about ESG among us. Are our local businesses striving for high ESG scores? If so, why and to what effect? We should ask our elected officials about the feasibility of eliminating the use of ESG scores in banking regulation and in the awarding of public contracts.
ESG criticizes corrupt free enterprise and compromises our citizenship rights. Each of us should strive to bring these practices to light and uproot them as an insidious danger to our freedom.
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In Maine and then Idaho, Ralph K. Ginorio taught the history of Western civilization to high school students for nearly a quarter of a century. He is an “out of the closet” conservative educator with experience in special education, public schools, and charter schools, grades 6-12. He has lived in Coeur d’Alene since 2014. Email: [email protected]