ESG Explained: Socially Conscious Capitalism and Its Backlash

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ESG Explained: Socially Conscious Capitalism and Its Backlash

Рет қаралды 42,138

Жыл бұрын

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. It stands for environmental, social and governance, and it's at the center of a heated debate over whether socially-conscious goals should factor into business and investing decisions.
There has been little regulation of ESG so far, but things are changing. Rules are coming both in the US and abroad. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation - and litigation - we can expect in the near future.

Пікірлер: 207

@hueyjmedina0 Жыл бұрын

Remember when larry fink said that human behavior should be changed through corporations

@MarxistClownism 11 ай бұрын

And forced.

@ikemkrueger 7 ай бұрын

Bill gates want reduce the population.

@chudchadanstud 5 ай бұрын

Who's his drug dealer, I want whatever he took to gain the confidence to say that to the world.

@hueyjmedina0 5 ай бұрын

@@chudchadanstud he takes adrenachrome

@slick3996 4 ай бұрын

@@hueyjmedina0you’re not gonna be taken seriously if you wanna debate on a real world topic and mixing it with goofy conspiracies

@Olivia-bl8ez Жыл бұрын

Stakeholder capitalism aka a way for the richest men in the world to control all business, even the ones they don’t own too

@ikemkrueger 7 ай бұрын

Just avoid the stock market as a company.

@nmbtw1003 4 ай бұрын

corpo feudalism

@keldonator Жыл бұрын

People need to be aware of this and put an end to it with their wallets.

@jancyraniak4739 4 ай бұрын

The last chance to put an end to it was in about half of the previous century. Now they (they being the key word) own and control us all.

@head4life 4 ай бұрын

How doesn't black rock own everything

@jancyraniak4739 4 ай бұрын

@@head4life He tried to warn us, but we didn't listen.

@a--------------- 11 ай бұрын

It's actually scary how well ESG is covered up, only a minor few actually know about this regulation. People probably don't know that ESG is also heavily spread into Korea. The FSS introduced a new ESG guideline RIGHT at the start of 2020. That's when things started really going downhill. ESG has taken prevalence since 2020, this is sinister.

@frost1183 11 ай бұрын

Esg is fine. I don’t care about esg. I think esg is a really good thing. What I hate is black rock buying up all the homes making it impossible for minimum wage workers to afford housing.

@goyangi2014 9 ай бұрын

damn how do u know so well about Korea? The current government seems to be against it tho: cutting benefits on solar power and restarting nuclear power plants

@viorelgheorghe9772 Жыл бұрын

I will look fore companies that have a high ESG score as a marker of bad management and risky investment!

@TheGodfather101 Жыл бұрын

ESG is china's social credit score.

@joebiggs135 Жыл бұрын

It's Jews Social Credit score for the rest of us

@user-ib9ky2jo9h 10 ай бұрын

source: out of our ass

@jancyraniak4739 4 ай бұрын

@@joebiggs135 Literally this.

@rbesfe 7 ай бұрын

funniest part is that ESG doesn't actually mean your company is socially or environmentally responsible. It just means you consider the impacts of your shitty decisions even if you do them anyways

@billbillerton6122 Жыл бұрын

My wife and I both moved our retirement funds out of ESG companies. I want nothing to do with this woke nonsense.

@clos19851 Жыл бұрын

Im Selling off all esg stocks

@d.owczarzak6888 Жыл бұрын

Agreed !

@wayando Жыл бұрын

Apple removed your charger and headphone jack to save the environment ... Technically anyone can spin anything until it fits esg.

@insomnijack7528 Жыл бұрын

Well done Bloomberg, your social credit sco... I mean ESG score will be bumped up 2 points for this video.

@coreyleavell6921 4 ай бұрын

Excellent expressive grammar. 🤘🏻

@Jay-cp9kd Жыл бұрын

Larry fink….. The name says it all

@joebiggs135 Жыл бұрын

Oyyyy veyyyy

@Deewood612 Жыл бұрын

ZOG

@TheRealToadfishRebecchi Жыл бұрын

👃

@jancyraniak4739 4 ай бұрын

@@joebiggs135 Shut it down!

@jedimasterham2 8 ай бұрын

People should not support any business that promotes ESG’s.

@jaybartgis5148 11 ай бұрын

4:33 but due to Elon announcing he's politically conservative* There. Fixed it.

@patrickarky116 Жыл бұрын

The goal is not to make money anymore, the end goal is ultimate control!!!!!!!!!!!

@DevPythonUnity 8 ай бұрын

teh goal is depopulation throught ESG financing feminism , abortions and empoweremne of women

@charlesfrances1 3 ай бұрын

Black Rock should be broken up, it has become too powerful.

@wraith511802003 Жыл бұрын

ESG, giving useless people a purpose.

@DU85 Ай бұрын

Well put

@nerdcity Жыл бұрын

I like how the editor knew to use the comical silly music at 1:58 when she starts lying about how it's "all about business and shareholders". It's literally the opposite, Stakeholder Capitalism is a response to Shareholder capitalism. This is the reporter working this beat, and she doesn't know that?

@DarkReaperK97 9 ай бұрын

Ohh shit big fan

@AlbertBalbastreMorte 6 ай бұрын

You are assuming there is no dissonance between theory and practice. She could be precisely pointing this inconsistency out. In any case, ridiculing someone's opinion with funny stock music is intellectually lazy and should precisely make you suspicious of an outlet that does that.

@iskandera1783 Жыл бұрын

Incredible. Is bloomberg law based in London also?

@coreyleavell6921 4 ай бұрын

My brother works in ESG and my sister-in-law works in HR. ESGHR! I love them, but they are destroying this country.

@mariadietzromero9273 11 ай бұрын

The EU map is complete bonkers, Switzerland isnt part of it and Germany is missing

@baocao2492 4 ай бұрын

00:04 ESG in focus as BlackRock CEO pushes for socially conscious investing 00:50 ESG encompasses stakeholder capitalism with varying perceptions 01:51 ESG is about socially conscious investing and corporate responsibility. 02:39 Lack of concrete reporting metrics in ESG leads to greenwashing. 03:25 Regulatory bodies implementing rules for ESG disclosures 04:15 EU demands sustainability reports by 2024 05:05 ESG term emerged in 2004 and gained popularity later, leading to backlash from some Republican politicians. 06:04 Companies likely to stick with ESG despite backlash

@bademoxy 4 ай бұрын

and now millions of city people living in tents . Good job, LEFTISTS!

@floydclark6710 Жыл бұрын

"ESG is really all about business" LOL Ok

@Viviko Жыл бұрын

If a company voluntarily decides to take part in ESG, that’s fine. But don’t force it down their throats.

@stevenanderson9660 11 ай бұрын

I will not invest in any company with a high esg

@frankopanklaric Жыл бұрын

I think coroporations should ne controlled. But not by blackrock. Corporations should answer to consumers.

@maxwest6595 Жыл бұрын

What's 'Blakwak'?

@ag10000 Жыл бұрын

This was informative, but still felt biased. More coverage is needed of how ESG has resulted in leftism being forcefully imposed on consumers.

@alexs1972 11 ай бұрын

That's because Bloomberg is a leftist outlet. It's owned by Michael Bloomberg who ran for the president so far to the left he lost the democratic primary to Biden in 2019

@thelordakira 5 ай бұрын

ESG is not a scam ,it is a racket.

@SupposeKennethed Жыл бұрын

youtube shadowbanning again.

@Oz_2024 2 ай бұрын

Black rock and corporates should not be allowed to decide what their employees or shareholders should think.

@WillieBloom 21 күн бұрын

It is not the business of business to create social policy or advocate for it. It is the obligation of business to follow the law. Our legislators decide on social policy. If you’re on the right or on the left, you will have very different ideas about what that social policy should be, but I think both the right and the left could and should agree that business has no business engaging in social engineering.

@SilenceAkyn 11 ай бұрын

So, they don't care if they have to sacrifice de media, tv shows, holywood as long as the message go trough because they get much more money from all others business that are afected by the message.

@laminekongere8889 11 ай бұрын

The term ESG was first used in a 2004 UN Report by the Then UN secretary General 'Koffi Annan'.... Koffi Annan came up with this term... attribute good things to their originators even if they are black or African....SOY! Young Lady

@Akum4Kam15ama 2 ай бұрын

Look at the entertainers industries, Movies, Shows, Videogames, Collectable Playing Cards like Magik the Gathered, Table Top Games, Ect..

@darrenasquith1170 4 ай бұрын

These rules are the broadest strokes of governance I've ever read. It's almost as if they can make shit up on the spot

@WithSeb 8 ай бұрын

Go Woke Go Broke

@aidancoutts2341 5 ай бұрын

If you want to privatise social change, Then private companies (as they do for every comodity) will spend money on the cheapest thing that looks like social change. That's what these scores are.

@TazKidNoah 3 күн бұрын

ESG is code for normalize stereotypes on groups. We should be allowed to sue them for harming us

@Runtothefire Жыл бұрын

Fight this crap!

@drkRoss89 9 ай бұрын

What is with the people having some form of vocal fry in this video. It's kinda off-putting

@jeonesevenv9 Жыл бұрын

Enslaving Society Gradually

@Mattiedamacdaddy 11 ай бұрын

I love when companies put products, services, and customers second. I'm much more interested in how "ethical" a company is, and larry fink works so closely with the CCP he knows exactly what values our new Chinese overlords are looking for!

@jancyraniak4739 4 ай бұрын

Bloom... berg? Every single time.

@hp_0189 Жыл бұрын

It sounds like a new government 🙄 how is the gay sh it fit in?

@stype8468 11 ай бұрын

Blackrocks ESG is calculated by a corporations push of transgender insanity. The score comes from a homosexual PAC called HRC human rights council.

@0miy0 Жыл бұрын

Ah Americans after 200 years of throwing ethics away fron business and market they suddenly act like this is new. All of Asia, and lots of Rthnic groups had some form of this since the middle ages except the common person actually supported the laws and wasnt over the top nonesense.

@Nautiliam 2 ай бұрын

@johnnystrokintip708 Well, Blackrock is free to decide where to put it's money isn't it?

@whitetiana3022 10 ай бұрын

why did you cut gernamy out of the european union? lol did you think all of that was switzerland?

@chudchadanstud 5 ай бұрын

why specifically abortion access? Why should that be a company's problem? Should the company be concerned with what people do in their bedrooms?

@rajcasio 11 ай бұрын

My view is that ESG is a good idea if you remove the S bit. Just have EG because it’s easier to measure. I also think adding S and big investors pushing ESG before there are any concrete guidelines is so that they shape people’s opinion. They want everyone to think that environment consciousness is same as the subjective “social” consciousness and part of the “woke” movement. So we all can throw the baby out with the bath water.

@jancyraniak4739 4 ай бұрын

E is a scam too, it's a way to deprive the masses of the ownership of assets, including land and housing, by rising upkeep prices to unsustainable levels.

@topdeot Жыл бұрын

Using other people's money to make you feel good about yourself. Fantastic investment strategy.

@SonOfWalhall 3 ай бұрын

So its ESG that is destroying Warhammer atm

@quartytypo 11 ай бұрын

Humans should be genetically altered to accept ESG.

@cryo6975 5 ай бұрын

When ESG causing jobs lay-off because they can’t sell to the customers

@brookrichardson1373 Жыл бұрын

I love how as an investor, I can invest in anything I want.

@rodericksibelius8472 9 ай бұрын

Environment Social Governance

@travissharon1536 Жыл бұрын

Larry Fink, a real life Bind villain.

@DoctorPhileasFragg Жыл бұрын

*Bond?

@HHJ11 4 ай бұрын

I swear, the only behavior that Larry Fink and his fellow clowns can force me into is to hate and reject anything that he deems appropriate for his ESG garbage score.

@originalkaidenthe666 6 ай бұрын

So basically ESG scores are not important

@ca6360 10 ай бұрын

Sustainable for who is what i ask? Economics of the Employees? How about that? Is he pressuring president not to lose us 20% of our purchasing power?

@Magnulus76 7 ай бұрын

Your investing should reflect your values. I can't believe fools like DeSantis don't get this. I thought conservatives valued moral deliberation?

@allenkrust4410 2 ай бұрын

I will not participate in ESG investment. Do that in China.

@HarleenKaur-zq2he Жыл бұрын

THE WOMAN LOOKS SO MUCH LIKE Miley Cyrus. Am I the only one to notice?

@EricT01 3 ай бұрын

No I see that too.

@Melvin-Deeply 22 күн бұрын

Nothing explained. I want my 7 minutes back.

@protennis365 11 ай бұрын

ESG is asocialism credit score.

@eamonnmurphy5385 11 ай бұрын

What has abortion access for your employees have to do with good governance in a company. Don't they realize that abortion is illegal in many states. Just this alone makes ESG political and divisive. Of course your going to downgrade a company in a state where there is no access. Hello😂

@DevPythonUnity 8 ай бұрын

ESG is deopopulation agenda, the same as FEMINISM, and empowerment of women, this is organised gropup of people that wants to kil as manny people as possilbe

@mrpenguin823 13 күн бұрын

Since when are Larry fink and Black Rock stewarts of morality? 😂😂😂 And the 🐑🐑🐑 just follow to their demise. Hilarious.

@frankopanklaric Жыл бұрын

We hate ESG. Thank you!

@ljnv Ай бұрын

Always the same tribe of people

@SR-pr2xz Жыл бұрын

ESG = WEF Total Submission. You'll own nothing and be happy (not). Total control

@SamuelAKing Жыл бұрын

Some of you are so strange. ESG is used as an advertisement to get investors. It’s not a secret thing that works against shareholders, shareholders are buying into it on purpose.