Spread the love

(Jun. 23, 2023) — In October 2022, the Biden SEC finalized a rule requiring public corporations to file Environmental, Social, and Governance (ESG) scores. The scores used measure not only climate change responses, but have expanded to include, human capital, diversity, and “wokeism”. The rule required affected companies to gather data on their own operations and from their suppliers and customers.

Diane Hardy, Executive Director of the Mom and Pop Alliance of SC, shows how the ESG moves organizations to favor woke policies over customer demands.

Going Woke – What’s Really Going On?

Why does corporate “woke-ism” continue to grow despite consumer pushback, and what is its endgame? From the outside, watching companies focus on political agendas rather than products and customer satisfaction seems antithetical to all we know about business – but when you understand the evil genius of ESGs coupled with non-profit activism, it all makes sense.

ESGs are a very powerful tool for social change, so it is important to understand what they are and how they work – as well as the risk they pose to small business. I’ll be honest, it took a good bit of study for me to fully grasp the big picture of ESGs and woke-ism – and attempting to make sense from the nonsense was a challenge. However, a few years ago when the pieces finally came together for me, as the executive director of the Mom and Pop Alliance of SC I felt called to travel the state to educate legislators, citizens, and small business owners – warning them about this very complex issue and helping protect the Palmetto State, to whatever extent possible, from this absurd and dangerous form of social credit scoring.

Before we get into ESGs I think it’s important to understand the bigger picture of what we are living through right now. I believe we are experiencing a clash between two world views: those who support DECENTRALIZED decision-making versus those who believe CENTRALIZED decision-making is best. Decentralized decision-makers believe in individualism, free markets, equality, self-government, Federalism, etc. Most small business owners fall into this category. Centralized decision-makers lean toward utopian ideals, they believe people are ignorant and need experts to guide them, they believe in institutions, and in social equity. In short, they follow a Plato-like philosophy – THE (smart and selfless) FEW SHOULD RULE THE MANY.

With this in mind, let’s now take a closer look at ESGs.

Read the rest here.