RIGGED: Having a good ESG score means NOTHING, analysis finds – all companies pollute the same

The Financial Times published an exposé this week revealing that equity, social, and governance (ESG) scores mean absolutely nothing when it comes to the amount of pollution a company emits.

Scientific Beta, an index provider and consultancy group, discovered upon analysis that companies relying heavily on ESG metrics, including even just the “environmental” component alone, pollute just as much as companies that recognize ESG to be a scam.

Billions of dollars of investment money have been poured into a complete lie, in other words, because there is absolutely nothing legitimate about ESG. It is inequitable, antisocial, and based on poor governance and smokescreens.

Researchers further learned after looking at ESG scores from Moody’s, MSCI, and Refinitiv that companies focused specifically on the “E,” or “equity,” component are the worst polluters of all. Whenever an “E” was emphasized on a company’s score, Scientific Beta identified a “substantial deterioration in green performance.”

“ESG ratings have little to no relation to carbon intensity, even when considering only the environmental pillar of these ratings,” commented Felix Goltz, a research director at Scientific Beta. “It doesn’t seem that people have actually looked at [the correlations]. They are surprisingly low.”

Goltz would add that the carbon intensity reduction of green, i.e., low-carbon intensity, portfolios “can be effectively cancelled out by adding ESG objectives.”

“On average, social and governance scores more than completely reversed the carbon reduction objective,” he continued. “It can very well be that a high-emitting firm is very good at governance or employee satisfaction. There is no strong relationship between employee satisfaction or any of these things and carbon intensity.”

Goltz emphasized that even the environmental pillar means little because, practically speaking, it is “unrelated to carbon emissions” in the way that companies bearing it utilize it.

(Related: The true purpose behind the globalists’ ESG scam is to usher in “a one world government,” says James Lindsay.)

ESG is a useless rubber stamp that satisfies the globalist lust for more power and control

Also commenting on the matter was Keeran Beeharee, vice president for ESG outreach and research at Moody’s:

“[There is a] perception that ESG assessments do something that they do not. ESG assessments are an aggregate product, their nature is that they are looking at a range of material factors, so drawing a correlation to one factor is always going to be difficult.”

“In 2015-16, post the SDGs [UN sustainable development goals] and COP21 [Paris Agreement], when people began to really focus on the issue of climate, they quickly realized that an ESG assessment is not going to be much use there and that they need the right tool for the right task. There are now more targeted tools available that look at just carbon intensity, for example.”

In short, ESG is just a rubber stamp that measures a company’s resilience to financially material “environmental, societal, and governance risks,” whatever that is supposed to mean.

As usual, ESG is a steaming pile of horse manure that the globalists get a cheap thrill out of pushing on corporations. It serves no purpose other than to tyrannize and divide, which just so happens to be the endgame of everything the globalists are constantly inflicting on society.

“It’s more than a ‘scam’ (i.e., a technique to gain money),” one commenter wrote. “It’s a weapon to leverage companies to promote degeneracy and other tools to destroy our culture.”

“Even speech is weaponized,” responded another. “I am seeing more and more asymmetry; indeed, we are at war.”

“In the Imperium of Lies, scam is a virtue,” wrote another.

The latest news about ESG and other globalist scams can be found at Globalism.news.

Sources for this article include:

ZeroHedge.com

Newstarget.com