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The Grift Is Ending: ESG Fund Managers Being Told to “Keep Their Lawyers Very Close”


 

ZeroHedge.com

We've known the ESG grift has been coming to a screeching halt for years now, with major investment banks and companies dropping their initiatives while the GOP goes on a rampage to try root out the faux-virtue signaling. 

But now with President Trump once again taking the White House, one investment bank is advising ESG fund managers to "keep their lawyers very close", as the full scale death of ESG may very well be on the door step, according to Yahoo Finance.

Aniket Shah wrote in a note this week: “We’d encourage all ESG fund managers to have a lawyer on the team, or on speed-dial.”

He continued: “Antitrust risk remains high for asset managers in ESG; there haven’t been any cases yet, thus there is no legal precedent. Further, legal risks regarding fiduciary duty will stay relevant as states enforce anti-ESG laws.”

Yahoo reports that Trump's victory has already hit green sector stocks, with wind-energy companies among the hardest hit. Beyond potential bans and obstructive policies, the ESG sector faces rising legal risks.

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Don’t Fall For the Left’s ‘Rebranding’ of ESG (Environmental, Social and Governance Scoring System)


TheDailyCaller.com

In some ways, it appears that corporate wokeness has peaked. With conservative-led public pressure mounting and a tightening economy raising the costs of virtue signaling, companies are seemingly backing away from their environmental, social and corporate governance ESG (Environmental, Social and Governance Scoring System) commitments. But conservatives can’t afford to get complacent; progressive values are now deeply entrenched in corporate America. The left won’t just give up without a fight.

First, the good news. S&P Global, the international debt rating agency, has dropped ESG scores from the calculation it uses to assess companies’ debt risk, the Financial Times reported. The agency began including ESG scores — which launder left-wing identity politics and climate goals into corporate bureaucracies under the guise of financial sustainability — in 2021. In truly dystopian fashion, a poor score from S&P on something like insufficiently radical diversity training could make it more expensive for a company to borrow money. This incentivized conformity to left-wing ideology and punished companies who resisted.

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FREE Video Library: ESG (Environmental, Social and Governance Scoring System)


: 10 minutes or less.  : 11- 36 minutes.   : Over 36 min. Fun

 

 

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Video: ESG ( Environmental, Social, and Governance ) EXPOSED - A $66 Trillion Dollar Weapon Used To Control Corporate America


In this video, Patrick explains why companies fear ESG ratings, the history behind the ESG (Environmental, Social, and Governance) scoring system, and the institutions pushing it.

 

 

 
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