Environmental, Social and Governance
"Our ESG score should always aim for zero" -- Bill White
Environmental, Social and Governance, ESG for short, is the system by which the Communists grade and seek to control companies and fleece the general public. It all started in the 1950s and 60s when the vast pension funds managed by the trades unions recognised the opportunity to affect the wider social environment using their capital assets.
Then, in the 1970s, the worldwide reaction to the apartheid regime in South Africa led to one of the most renowned examples of selective disinvestment along purported ethical lines.
In 2005, the United Nations Environment Programme Finance Initiative commissioned a report from the international law firm Freshfields Bruckhaus Deringer on the interpretation of the law with respect to investors and ESG issues.
Since then there has been uncertainty and debate as to what to call the inclusion of intangible factors relating to the sustainability and ethical impact of investments. Names have ranged from the early use of buzz words such as "green" and "eco", to the wide array of possible descriptions for the types of investment analysis—"responsible investment", "socially responsible investment" (SRI), "ethical", "extra-financial", "long horizon investment" (LHI), "enhanced business", "corporate health", "non-traditional", and others. But the predominance of the term ESG has now become widely accepted as a whipping tool by which companies can be forced to adhere to any desired behaviour.
The most widely referenced ESG rating or score, has an upper rank of Triple-A, dropping down to Double-A, companies in these top two levels are Leaders. Then moving down there is A, and Triple B, companies here are just Average. Then it gets a little fuzzy but moving down still further you find companies ranked as Double B, B, and Triple-C, and companies in the last two rankings are described as Laggards. There are corresponding numerical scores for the ABC ranking from zero at the very bottom to 10.00 at the top and this numerical rating system is perhaps the best part of this movement because it allows anti-Communists to identify those companies and executives to avoid.
WireNews Limited and its parent company, Mayside Partners Limited, and all group companies will not knowingly do business with any company or executive that supports or otherwise seeks to control others through ESG performance measures.