Democratic Rep. Maxine Waters of California claimed Wednesday that “everyone” had to start backing “ESG” considerations in investing in order to save the world.
“It’s unfortunate because it’s inevitable that everyone is going to have to participate in dealing with the environmental crisis, social activity, and of course, corporate governance and so, even if these attempts to deny or to delay are taking place, in the final analysis, we are going to have to have ESG,” Waters said during an interview with “Squawk on the Street” co-host Sara Eisen.
“So, yes, we’re paying a lot of attention to it. We’re going to fight back against these attempts to deny or destroy the whole idea of environmental, social, and governance, but we have to do it in order to save this planet,” Waters continued.
Environmental, Social and Governance (ESG), also known as “sustainable investing,” according to the Corporate Finance Institute, can factor in corporate policies on gun control, environmental issues, abortion or other issues in addition to or instead of strictly looking at a corporation’s profitability.
Critics of ESG pointed to crises in Sri Lanka, which banned chemical fertilizers that resulted in a 50% drop in crop yields in 2021, and Ghana, which suffered blackouts.
Republican Gov. Ron DeSantis of Florida signed legislation May 2 that prohibited state agencies and local governments from considering ESG when issuing bonds, barred banks from considering “social credit” when making loan decisions and prohibited discrimination on the basis of political, social or religious ideology.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
The people of California’s 43rd will learn eventually. If her district is any indication (and how can it NOT be), the only thing Mad Max is interested in “saving” is her own phony baloney job. We DON’T have to get on board with ESG…and most sane folks have stopped listening to her a long time ago. The only headline she should be making is her arrest for inciting violence against political opposition.