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Environmental, Social, and Corporate Governance Guidelines: A Refuge for Charlatans

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ESG,Environmental,Social

The environmental, social, and corporate governance guidelines, known as ESG, are criticized for being a refuge for charlatans and causing more harm than good to the environment and social well-being. Companies are incentivized to offset their emissions through projects like reforestation or carbon capture to earn higher ESG scores, potentially contributing to a worse environment. ESG also allows companies to ignore legitimate environmental issues.

SG, or the environmental, social, and corporate governance guidelines set forth by asset managers such as BlackRock, is a refuge for charlatans. The guidelines broadly refer to the goal of achieving “net-zero” carbon emissions that have been pushed on businesses by leftists who can’t pass their environmental agenda legislatively. This fixation has done significantly more harm to the environment and social well-being than good.

Companies are incentivized to pour vast resources into offsetting their emissions through projects such as reforestation or carbon capture to earn a higher ESG score despite potentially contributing to a worse environment. ESG also allows companies to ignore legitimate environmental issues. This explains why many companies don’t protest the guidelines — they provide cover for companies’ bad policies, according to Consumers' Research Executive Director Will Hil

 

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