Who's Afraid Of E-S-G?

 Lacking the lipstick and whimsy of the Dylan Mulvaney transition announcement, but requiring the same suspension of reality, Fink's announcement was far more unbelievable.

Referring to the debate and growing discord about the environmental, social and governance reporting and scoring construct that pervades Wall Street and increasingly impedes Main Street, Fink is trying to distance himself from the three letters E-S-G, that describe the construct, while maintaining his rabid support of the concept itself.

"I'm not going to use the word ESG because it's been misused by the far left and the far right," he asserted.

He remains as strident as always in his commitment to ESG's purpose.

The ESG scheme is the brainchild of Neo-Marxist and World Economic Forum Founder, Klaus Schwab.

Using the narrative of imminent environmental destruction and social injustice as the motivating purpose, and the ESG fantasy as the overriding mechanism, the network seeks to wrest control of investor capital and redirect it to the companies, technologies and industries that help achieve the political and social objectives that Schwab, Fink and their like-minded cohorts deem important to their world view and to themselves.

So aligned with this effort is Fink that he sits on the WEF Board of Trustees, to which the genesis of the ESG scheme can be unequivocally traced.

Further, Fink has repeatedly articulated the WEF mission vis-a vis alleged benefits of ESG in his now numerous and infamous "Letters to CEOs." Put another way- the person [Fink] - who helped hone and politically promote ESG now wants to transition away from the term "ESG" and toward phrases like "Decarbonization" and "Conscientious capitalism" because ESG has become "Too politicized." But like Mulvaney, it takes more than words to change what's underneath Fink's ESG trousers.

As self-ascribed arbiters of permissible behavior, folks like Fink & Co. envision a day where their social and political priorities are the only acceptable paths to participation in the market and in society.

So as Fink embarks on his newly announced "Transition" away from ESG, he should be reminded that for those for whom self determination matters, tyranny looks the same no matter how it's dressed up or what it's called.

As an ESG expert she explains the threat of ESG to her corporate clients. 

https://the-pipeline.org/whos-afraid-of-e-s-g/