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0 pointsmizzack3y ago0 comments

It's absolutely nitpicking. The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.

> A framework used to evaluate corporate investment candidates has nothing to do with social credit score boogaboos.

Functionally, ESG _already is_ a social credit score for companies and a tool for compliance. Do you think companies are taking ESG measures because they want to?

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pavlov3y ago

> ”The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.”

That’s not at all what governance means in the corporate context.

So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

As far as companies getting rated, well duh, there’s a giant industry around that. Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

mizzackOP3y ago

> So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

There are 802 million Google results for "personal governance". I'm not redefining anything.

> Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

When the investment (or not) comes through trillion dollar asset managers by way of the Fed, it looks a lot more coercive.

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