That's one of the big problems with this dumpsterfire of an initiative. Company resources devoted to business activity that does not contribute to the bottom line.
The question on ratings was dodged. How are the ratings arrived at - what specifically do the ratings agencies look at to ensure they are being consistent when calculating the scores? It seems incredibly subjective to me when there are no compulsory reporting metrics, how can you know what a business may be hiding and what it is publishing purely to boost the score? KP
It is subjective to the criteria of the ESG rating company! And most of the time these companies are not 100% transparent about their exact methodology
Ecovidas asks to go through all evidence to verify what was published is true to give a fair score , yet some other rating systems or agencies are not that specific.
Any businessman that don’t want to fail should stay as far away as they can from ESG and look for alternative places to get a lone because ESG will destroy your business! Things are simple, you hire the best person for the job regardless of sex or oder non job related characteristics, you make a contract with a waist disposal company thing that are anyway heavily regulated and the most important you trie to give you’re costumers the best service or product at the lowest price possible without pandering, telling them there bad people because they have les melanin, you don’t change things they love you don’t push for socialism, censorship, defunding the police, you don’t donate money to rioters, terrorises organisation and you’ll be fine!
Correlation does not imply causation. The fact that Companies that have implemented more ESG programs have also preformed better financially is not necessarily a direct result of their implementation of ESG programs. The correlation could just be a consequence of the fact that only better performing companies have the additional resources to spend on as many ESG initiatives. There are of course indirect financial gains that obviously come from this. For example, there are companies that already have more resources to create a bunch of initiatives to increase their ESG score. Then they are able to security more capital at better rates relative to their competitors. So I can see why big companies really embraced all this stuff as they can use various Woke Guilt projects to shame their competitors out of being able to attain the capital financing they need in order to sustain their buisness.
Hey guys - I'm an academic (post-doc in Env Sci & Sustainability) transitioning into industry, so it was v. interesting hearing Dave's thoughts. Took a glance at the comments (wow), and it's clear that there seems to be a mistrust of ESG, i'd love to see a video/discussion on this :)
@@Springleaf. just check the charts, compare the SP&500 vs SP&500 ESG. from the creation of the ESG index. and see how poorly performed through the same time span comparatively speaking.
Please help me with this question. If my company wants to start with ESG I would pick the number of and kind of metrics my self?! I would also pick what I disclose? And based on that score Investors than can invest in my company if they so choose to use my ESG score as a indicator of my companies health?!
@@jamesbyrne9312 Large corporations can buy "carbon offsets" that are inaccessible to small businesses and carry on as usual while the small businesses get shut down.
How are you measuring your ESG programs? How did you get started and what indicators are you using?
Not doing it
ESG is woke bull💩
You are a Klaus puppet
I wonder if bud light has ever tried to improve their esg score?
They are under social
Really helpful video, we appreciate the effort made during this video.
ESG is the trojan horse for social credit systems.
China already has that in place.
@@TheOne-xu5oy Which is why we don't want this in place. The US isn't china.
@@perilousintent2936 I’m inclined to agree with u
@@perilousintent2936 let the rest of the world have social credit systems. we all want to be like china... usa is a cesspool for corruption
step 1 - realize it is a SCAM
a PRIVATE COMPANY DECIDING what is PUBLIC GOOD. not hard to draw conclusions from that fact.
Very informative
Metric 1: how much time are my staff already wasting on meetings, surveys and "HR initiatives"
That's one of the big problems with this dumpsterfire of an initiative. Company resources devoted to business activity that does not contribute to the bottom line.
esg elites slimey grift ask sri lanka and the dutch farmers how esg is going
Thanks
GET WOKE, GO BROKE!
Thanks for spending the time to create and share this content ✅
its woke indicator 🤣
The question on ratings was dodged. How are the ratings arrived at - what specifically do the ratings agencies look at to ensure they are being consistent when calculating the scores?
It seems incredibly subjective to me when there are no compulsory reporting metrics, how can you know what a business may be hiding and what it is publishing purely to boost the score?
KP
It is subjective to the criteria of the ESG rating company! And most of the time these companies are not 100% transparent about their exact methodology
Ecovidas asks to go through all evidence to verify what was published is true to give a fair score , yet some other rating systems or agencies are not that specific.
Think those who died in a submarine incident were against ESG?
Sounds like you are attempting to make a point. Would you care to elaborate a little more?
Any businessman that don’t want to fail should stay as far away as they can from ESG and look for alternative places to get a lone because ESG will destroy your business!
Things are simple, you hire the best person for the job regardless of sex or oder non job related characteristics, you make a contract with a waist disposal company thing that are anyway heavily regulated and the most important you trie to give you’re costumers the best service or product at the lowest price possible without pandering, telling them there bad people because they have les melanin, you don’t change things they love you don’t push for socialism, censorship, defunding the police, you don’t donate money to rioters, terrorises organisation and you’ll be fine!
Go Woke, Get Broke!
Correlation does not imply causation. The fact that Companies that have implemented more ESG programs have also preformed better financially is not necessarily a direct result of their implementation of ESG programs. The correlation could just be a consequence of the fact that only better performing companies have the additional resources to spend on as many ESG initiatives.
There are of course indirect financial gains that obviously come from this. For example, there are companies that already have more resources to create a bunch of initiatives to increase their ESG score. Then they are able to security more capital at better rates relative to their competitors. So I can see why big companies really embraced all this stuff as they can use various Woke Guilt projects to shame their competitors out of being able to attain the capital financing they need in order to sustain their buisness.
Is this like a corporate credit score?
5:47 - what the heck are 'cultural ratios'? How are they even measured?
Hey guys - I'm an academic (post-doc in Env Sci & Sustainability) transitioning into industry, so it was v. interesting hearing Dave's thoughts. Took a glance at the comments (wow), and it's clear that there seems to be a mistrust of ESG, i'd love to see a video/discussion on this :)
Global ESG investments PLUNGED 76 percent with NEGATIVE returns on investment 🤣😂🤣😂
@@deebee4575 interesting - what's the source? and what's the timespan?
@@Springleaf. just check the charts, compare the SP&500 vs SP&500 ESG. from the creation of the ESG index. and see how poorly performed through the same time span comparatively speaking.
@@deebee4575 Good job
Bud Light
Target
Disney
Warner Bros
All esg obsessed all going broke
great place to start. this video was very insightful
I cant wait tell the the political opponents of the creators of the ESG get to decide what the S and G stand for. I wonder if it will be praised then.
Social Governance……oh….i see what you’re talking about. This is like removing government by the people and putting in place corporate governance.
Treason.
Please help me with this question. If my company wants to start with ESG I would pick the number of and kind of metrics my self?! I would also pick what I disclose? And based on that score Investors than can invest in my company if they so choose to use my ESG score as a indicator of my companies health?!
It starts with this and jihad follows.
wow . this is what im looking for.. thank you for this . can we connect via linked in
What in the world is becoming of greed
This is great information and a good place to start, thanks for sharing!
Bot ⬆️
God I hope ESG goes away. It's garbage.
haha why so? you want a crap world of pollution then
The socialist sheep will follow. It will too late when they wake up
@@jamesbyrne9312 hurr durr
@@jamesbyrne9312 Large corporations can buy "carbon offsets" that are inaccessible to small businesses and carry on as usual while the small businesses get shut down.
@@rleeg6744 this is a fair point. But the climate transition is as much an opportunity as a threat to small businesses
Fantastic ESG content. Couldn't find such a comprehensive video elsewhere. Thanks for posting!!
Thank you for watching and glad you found it useful!
Klaus will be so pleased his minions are spreading his esg cult
So evil
Exactly !
This is an obvious scam.
ESG is Gaslighting !
🤪