He just grouped nuclear power in with gambling companies, tobacco, and alcohol. WTF??

@rickpalmer9518

2 жыл бұрын

ESG Another Woke leftard operation based on politics-Tesla kicked out of index,ohh because Elon Musk called democrats what they are

@danielrdrigues

2 жыл бұрын

LoGiC, ESG the new social credits 🤪

@cantaloupe7296

Жыл бұрын

I'm not 100% sure but i think they were grouped together because they're the types of companies that are often extracted during "negative screening" which picks out the type of businesses ppl want to avoid investing in because they're controversial or because of issues like human rights violation. for ex. nuclear power is most commonly sourced by uranium which is extracted through uranium mining (also needed for nuclear weapons) which has broad range of issues like radioactive waste with stays dangerous for thousands of ears, miners exposed to carcinogenic dusts and materials. gambling companies are screened out because it apparently increases gambling addiction and instead of helping the local economy it burdens it as problematic gambling increases with locals, and (according to different sources) suicide rate among different addictions is highest for people with gambling addiction. Regardless of all the environmental impacts, Tobacco companies are seen negatively because tobacco causes many types of cancers. Extended us of alcohol also causes all kinds of health problems. Essentially he grouped them together in the context of the ESG investment framework which ppl like to consider during investment when ESG factors are important to them and theses companies tend to fail many of these competencies.

@Chuck68ify

Жыл бұрын

That's the only answer that will, actually, WORK!

@Chuck68ify

Жыл бұрын

@@cantaloupe7296 I see, you should bone up batteries, they don't grow on trees. Children mining cobalt is very PC.

The speaker speaks slowly when telling normal things but speaks extremely fast when telling important details or terms, so that I sense a sinisterness there. Thanks to this guy, I'm now thinking how bad ESG is.

ESG scores are irrelevant at best, evil at worst. The worst thing is that a very small group of people gain control over the monetary system.

@stn7172

Жыл бұрын

They already do just making it more obvious

@shway1

Жыл бұрын

they already have control. this is just the private sector trying to pre-empt government action that would actually solve problems. it's not additional evil, it's just business as usual in unregulated financial instruments. just look at the involvement of credit ratings agencies in the 2008 financial crisis. the people calling this some evil tyrannical liberal plot are psychotic conspiracy theorists

@charlesterrizzi8311

Жыл бұрын

Since they control retirement funds (yes like the mafia used to) they are far from harmless.

@sten260

6 ай бұрын

yup this is central planning, 0.0001% push some sort of "ESG score" on 99% to control them and this will absolutely have disastrous long term economic impact

This is ultimate control. This scoring will determine if individuals can get loans or participate in commerce

@lancedooley7558

3 жыл бұрын

It's what the left always wanted. This will be our downfall by this propaganda.

@Sanerah

2 жыл бұрын

esg scoring only applies to businesses

@luciawiltzius4734

2 жыл бұрын

@@Sanerah for now. If you google ESG you can already score yourself and businesses are already tracking individual scores but say they are only " tracking them for information"

@joshwheeler9700

2 жыл бұрын

Tell that to the people of China

@enricopallazzo3244

2 жыл бұрын

Yup. Just learning of this. Pulling my money from Wells Fargo and using a local credit union today.

Divesting from nuclear - how stupid is moving away from most green of the tech

@johndough23

2 жыл бұрын

It's all politics.

Did I hear him correctly??? Divesting from nuclear??????? That’s absurd. It’s literally the cleanest energy

@chrisi112345

2 жыл бұрын

The cleanest energy? With all the deadly waste? Please explain...

@deenzmartin6695

2 жыл бұрын

@@chrisi112345 if you need this to be explained to you, you need to rethink your entire life.

@tylersawyer9837

2 жыл бұрын

Because it doesn’t build Chinas economy. That’s why they don’t like nuclear. They love China they have complete control over their citizens and that’s what they want for the world

@msr9042

2 жыл бұрын

@@chrisi112345 there is no deadly waste

@chrisi112345

2 жыл бұрын

@@msr9042 then what do we need dry cask storage for, and why are people trying to find solutions to store nuklear waste underground for thousands of years?

Invest with your values, I want a portfolio with a negative ESG

@nunyadambidniss

2 жыл бұрын

FLING IT.

@pnamie3712

2 жыл бұрын

Me too! ESG sucks.

@perilousintent2936

Ай бұрын

Add STRV ETF then. It's by an anti-esg SPY tracker by a previous presidential candidate runner Vivek Ramaswamy. STRV includes Tesla, Since the S&P 500 kicked Tesla out of its index for terrible ESG score. Vivek Ramaswamy is very much against ESG when he ran for presidential election.

West's own version of the social credit system

I agree with all those who think this is a crock of shite. We have eco conscious green loving security conscious companies now, the customer wins and determines the type of company and success . Everything the interviewee stated is already taken care of. No more government intervention

@williamtiffee3799

2 жыл бұрын

Centralized "planning" by elite bloodliner narcs and psychos, behind closed doors... is as WASTEFUL and destructive, as it gets. (Socialism, Communism and Fascism, for e.g.) A PRS staged "power grab" under the guise of Social- engineered "environmentalist inclusivism," is "lipstick on an Animal Farmed" IH$ cult PIG... 1984- Brave New World Matrixed, mind, body and soul(less) Fascist totalitarian "global(ist) NWO prison planet, noone with a half a brain and ANY "common sense" is going to go along with. Not even in: Russia, China, NK, etc. This is going to get interesting, soon! ;-)

esg score is woke score

Is it just me or does this seem extremely dangerous in the particular social/political climate we're in?

@lancedooley7558

3 жыл бұрын

Yep. This is all indoctrination leftist virtue signaling since they can't win at real science now they will enforce this.

@springerworks002

3 жыл бұрын

From what I understand, that is the point?

@kgrimm5576

2 жыл бұрын

@@springerworks002 point being that this will be abused in every way possible? Do as we say or not meet your days pay?

@Starius2

2 жыл бұрын

It's literally communists promoting communism. It's America's version of the social credit score

@SpockvsEgon

2 жыл бұрын

It literally helped to create the environment we are in.

This is what conservatives call corporate wokeness. The more virtue of a company can signal, the more its ESG value increases

@calelsuper2725

2 жыл бұрын

Glen Beck had a Chinese woman on saying wokeness is communism .

@vibhorejaiswal2997

2 жыл бұрын

This kind of thing will end the concept of free market.

@jorden9821

2 жыл бұрын

@@vibhorejaiswal2997 lol what free market?

@yoshitheonly

2 жыл бұрын

@@vibhorejaiswal2997 Yeah because having the added freedom to choose companies that support your values is in any way different from what we're already doing? How does that make any sense.

@curte7739

2 жыл бұрын

@@calelsuper2725 Glenn's new book on the great reset also gets into ESG scores it's evil all this crap is evil ESG scores is akin to a social credit score for a company and it needs to be stopped.

You're witnessing the end of Capitalism and the truly Free Market! Adam Smith R.I.P.

@ice04h

2 жыл бұрын

Great diversification

@anneliu3816

2 жыл бұрын

To be fair, the system have had a pretty good run since 18th century. It's about time humans race do something for themselves. This includes you, me and 98% of population on Earth.

@GunManGunHand

2 жыл бұрын

@@anneliu3816 then you don't mind jumping into the wood chipper first.

@evanwilliamson3602

2 жыл бұрын

Free markets gone. Long gone!

@jodismitsanderson7457

Жыл бұрын

The market has never ever been free. It has always been subsidized to get to the results government wants, and, ideally, government represents the people.

Let me get this straight, if somebody found the cure for cancer but did not want to contribute to the environment or the social justice warrior causes, they would have a low score right?

@BeFree510

2 жыл бұрын

Exactly

@richier8898

2 жыл бұрын

Yes. For example CocaCola Co. has high ESG rating and all they mostly contribute to weight gain and diabetes :D Also Lockheed Martin was named to the DJSI, which include top companies in the S&P Global Market Index based on best-in-class ESG benchmarks and they sell mostly military aviation and missiles. ESG scores are joke.

@yoshitheonly

2 жыл бұрын

How is this entire comment section filled with absolute idiots?

@pnamie3712

2 жыл бұрын

Exactly. Which is why Tesla just fell out of the S&P threshold for ESG. It doesn't mean anything. In fact, I think Tesla is just disliked by certain powerful people that's why it fell out. ESG is a scam.

@ChelleX3ism

8 ай бұрын

@@richier8898i guess we all have a choice in choosing whats in our diet right

Shareholders will be replaced by stakeholders, you left that out. What will ALL the people who have invested for decades get? Nothing.

@yoshitheonly

2 жыл бұрын

I'd say you clearly don't know how business works, but your username gave it away for me.

This aged well as our banks fail due to investing in ESG instead of profitability

Complete and utter insanity

Ok. ESG is part of great reset. I get it now.

@d.owczarzak6888

11 ай бұрын

The great reset to Stalinism.

We need to pass a federal law banning ESG

@williamtiffee3799

2 жыл бұрын

We need to ABOLISH the centralizing Fascist Totalitarian's main means of dictatorial "governance." (i.e. Those UN subcorp. FEDs... are the main, problem.) And kick their BAR franchised "bylaws," to the curb. Let them "push harder," because the REAL "reset..." is coming. ;-)

@skengdo2458

Жыл бұрын

You cant beat the powerful Jews, who do you think has the most influence in the US government and the supreme court? The Jews.

@pliniojr95

Жыл бұрын

it won't happen. The government is backing up this bs.

@crapz2395

Жыл бұрын

It would never get introduced in Congress. All of the politicians would have to agree to potentially lose backing from big corporations and investors💯

@Chuck68ify

Жыл бұрын

@@crapz2395 Oh yeah!

Here's a thought: maybe society's values should be decided democratically rather than by unelected corporate leaders?

@DagdasSoup

Жыл бұрын

So...have corporations got too much power?

More “well-intentioned” central planning.

ESG is also the driver of trans marketing efforts, like Dyldo muhlvaney. Companies actually get points for doing edgey stuff like that

Hopefully that ESG thing doesn't pass! That would bring a huge mess and slavery to the hole population.

@LeonardoCostaUSA

Жыл бұрын

@Will Swift uhnn 🤔 It's better to understand if you what a video because if I write an explanation it's going to take several lines. If u watch 'Glenn Beck' KZread channel u gonna understand very well. 👍🏻

@LeonardoCostaUSA

Жыл бұрын

@Will Swift the NWO is "inventing" a rating (ESG)to judge and say who is good or bad accordingly with their conception. So they can for example aprove ur company or not to take bank's money for investment based on your ESG rates. So we not going to be "good" based on performance but based on what ESG says what we are..

This is a corporate version of China's Social Credit Score: entirely subjective, and a stick to punish those who don't go along with the Approved Narrative.

ESG funds are old wine in new bottles. They should be viewed with care. This speaker is a salesman.

@d.owczarzak6888

Жыл бұрын

The speaker is a propagandist !

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@MaryOlson7

6 ай бұрын

@@sojakia Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Alice Marie Coraggio, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.

@MaryOlson7

6 ай бұрын

@@sojakia Alice Marie Coraggio

@MaryOlson7

6 ай бұрын

Lookup with her name on the webpage

@Patricia-Margaret

6 ай бұрын

@@sojakia Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

To sum it all up, ESG is a social credit system

This is basically China's social credit score system.

@hr-g4640

2 жыл бұрын

but the liberal woke version of it

@mitchwebster9079

2 жыл бұрын

No it’s not. Not even close

@shin-ishikiri-no

2 жыл бұрын

@@mitchwebster9079 They need to remove the "S" for Social in ESG before we can talk about the benefits. There's no reason the WEF should be influencing corporate cultures to fall in line from the top down.

The Independent Sentinel reported that, thanks to ESG strategies, investment in oil and gas companies dropped from 59 funds with a total of $46 billion in 2015 to 11 funds with a total of $4.6 billion in 2021. The loss in investment capital has contributed to reduced production and higher prices at the pump.

@ivansolomatian7679

Жыл бұрын

Lol Please American quit Harvard and get a job. The top 5 countries in the world that raised there score are all in collapse. They have no food.

@jodismitsanderson7457

Жыл бұрын

Which is what needs to happen! We cannot afford, at any price, to continue use of fossil fuels. ESG helps us highlight companies that truly are protecting our future state.

@ericsanjuan4901

Жыл бұрын

They are already planning on making private ownership of car and houses illegal, killing small family farms and working to have us eat insects while they eat steak. These are closet nazis. We American elect our politicians to create laws and policy. Unelected beaurocrats should NOT determine how we live. Thank God for the second amendment which protects our ability to have weapons and quickly form a "well regulated militia"

@ericsanjuan4901

Жыл бұрын

In case anyone is confuse Illuminati you will own nothing and be happy agenda 2030 kzread.info/dash/bejne/e418tcuecZbah6Q.html

@ericsanjuan4901

Жыл бұрын

Coin bureau explains WEF great reset plan kzread.info/dash/bejne/aKNklNeAh9izdJM.html

"Lots of people have different views on what's more important. For some people it's around environmental, for others it's social and for others it's governance" - and then there's those weirdos (known as investors) for whom it's around ROI.

Isn't it easier to just measure how success a company is based on how much profit that they make ?

@calelsuper2725

2 жыл бұрын

It looks like a Chinese style soscial credit sytem this

@faisalsiregar9592

2 жыл бұрын

@@calelsuper2725 and that is stupid system

@chrisi112345

2 жыл бұрын

You mean like amazon making profit but avoiding taxes and exploiting their employees? If that's good enough for you, then no one will stop you from investing.

this is the beginning of total control.

Nike which runs sweatshops in Asia has better ESG score than Tesla.

ESG is political leverage to force conformity. Avoid businesses who employ this political pressure.

So they now say that EXXON is the most environmental and social business of all. Very good metric indeed.

This is about control. Dangerous Dangerous path.

ESG should not have a place at our workplace. Companies should make money and increase profitability for investors.

Interesting discussion of the potential reduced tail risk of ESG companies at 8:20. Just note that high ESG companies are not necessarily more likely as a whole to outperform a general market index.

@lumoncon

6 жыл бұрын

Not always but quite often, we made a study of the top ESG performers in the Mexican market and they outperformed, it surely has some correlation to the best managed companies but it still pays off.

@Erowens98

2 жыл бұрын

@@lumoncon that's because only high ESG companies have access to the resources needed for expansion.

@nunyadambidniss

2 жыл бұрын

NO SHIT, SHERLOCK :D It's a TOTALLY meaningless thing this "ESG". Hopefully, Some companies go out of their way to have as low an "ESG" score as possible :)

@llunaeldas8055

Жыл бұрын

This is pure stupidity.

The Communist aspect of ESG , was never mentioned ……

@Jack-vo6bu

2 жыл бұрын

Could you mention some of those communist points then? Genuinely curious

@raaaaaaaaaam496

2 жыл бұрын

@@Jack-vo6bu this is very similar to the social credit system in China. It also judges companies based on how they “treat” their workers. Which I doubt has anything to do with actual economic benefit for the company but instead how “virtuous” they are.

@JonathanDGrim

2 жыл бұрын

Investing in private capital just Marx intended.

@Individual_Lives_Matter

2 жыл бұрын

@@Jack-vo6bu it’s centrally planned social engineering utilizing the framework of “social justice”. Social justice is based on Intersectionality/CRT/identity politics/woke Victocracy. Philosophically, it’s an identity based redistribution of resources. In practice, it will be a ruling class getting richer while hiding behind a noble ideology (just like communism).

ESG is the new control tool. Investing in companies based on their values( wokeness) instead of their balance sheet

ESG-far left, corporate authoritarianism is what I fear. I'm open to taking care of environment & society, but not at the expense of shaming companies or banning them from social media, or denying them loans just because they have a different political ideology. For now, I'm siding with freedom loving conservatives. ESG looks like far left, corporate authoritarianism.

@yoshitheonly

2 жыл бұрын

We have the freedom to support businesses that care about diversity and the environment as well as not giving our money and support to companies that waste excessively or don't hire people of our identities. This is a free as freedom gets. Companies that people don't like will always get the boot 😂

@tylersawyer9837

2 жыл бұрын

@@yoshitheonly no this isn’t freedom this the erosion of freedom

@4ninesfine

Жыл бұрын

@@yoshitheonlyyou hit the nail on the head. If I read your comment correctly, if your NOT part of ESG you are wasteful or discriminate. We have the ability to look into companies and see what their values are. We should define our own values and not let some global order do that for us. The ESG scoring model is not static. Who knows what ideologies could be forced on the company or its employees to retain these scores. This is very dangerous in my opinion.

@d.owczarzak6888

11 ай бұрын

Stalinism on the march !

we found the core of wokness ESG, defund ESG!

@hexahexametermeter

2 жыл бұрын

It actually started in the universities and then the churches. Now the corporations.

Joe rogan anyone?

So worthless people justifying being worthless, got it!

As an investor, I do care about ESG/DEI issues. I avoid them at all costs because I'd rather the companies I invest in focus on shareholders and not the weird politics of the week.

New con tactics 😝

@lancedooley7558

3 жыл бұрын

Yep. For leftist to get money from helicopters. Modern Monetary Theory at its best.

This sounds an awful lot like china's social credit system.

This is horrifying

ah. I remember this Black Mirror episode!

Which companies evaluate ESG,?

@Individual_Lives_Matter

2 жыл бұрын

Good question. Who determines what is “socially just”?

@calelsuper2725

2 жыл бұрын

B corp is one . Ben and jerries are on the b corp certification scheme . They are scored using the b tek software produced by b labs . I believe b corp was created in the uk by two wealthy people. Their mission statement is to create a b ecoony alongside the normal one with the aim of it becoming the only one economy. Wankers.

@DF-ss5ep

2 жыл бұрын

Blackrock, I've heard.

@petarmiletic997

2 жыл бұрын

@@Individual_Lives_Matter The people with disproportionatelly large noses, or so I've heard. Just look at the last name of the guy in the video

@_Phen_

Жыл бұрын

@@DF-ss5ep Didn't it created it in the first place?

This says 228 comments at the top but only three replies to only one comment.

@bjornhagman9848

2 жыл бұрын

I only see ur comment

@RoyArrowood

2 жыл бұрын

@@bjornhagman9848 me too

Sugarcoat it as much as you want. This is woke fascism.

@d.owczarzak6888

Жыл бұрын

Exactly !

This is likely to idiotically cause an economic crash and it did. Shit is this also where the major push on gas prices is coming from as well??

Nuclear power divestment. That's kind of kinky, because might actually shoot in the ankle.

@Individual_Lives_Matter

2 жыл бұрын

That’s what happens when know-it-all central planners try to take over the market. It’s just a new Lysenkoism.

I really appreciate the little animations

@ankitasaxena5891

3 жыл бұрын

Didn't understand

They talk about it like it's right. Like to hell with history and performance it's their way or the highway.

So MSCI is the scoring data provider

Nuclear is a sin but coal and oil are never mentioned. I can't think of a single reason why that could possibly be...

@shin-ishikiri-no

2 жыл бұрын

$$$$$$$

Invest according to your beliefs or the beliefs of the people who set the criterion?

in practice we have a bunch of incompetent companies putting gay flags to compensate for not being profitable

This whole thing sounds like out-of-control government to me. And a new entity, controlling way too much monetary power entity we have no control over.

It's very difficult to conduct Esg.

6:00 Nuclear power classified as a sin?

@faisalsiregar9592

2 жыл бұрын

They really love environment don't they ?

Curiously, the visual demographics is gender-specific but 'caucasian' which is a subtle 'oversight', or is it ..?

Ultimate control

This is other nonsense it's another two to use against individuals unheard of this legacy ecosystem it just gets me closer to crypto

Why would I care about their environmental impact? I'm trying to retire without working myself to death, if you want to find my retirement go ahead but until then I'll just go with the best performing companie

He saidyou can use ESG to assess a company to invest in wihout looking at the balance sheet WTF. Unless he meant look at the ESG score first and if they have a high score dont bother looking at the rest just avoid like the plague. Worked well for bud and target both companies i would never invest in

ESG is a great tool for me. The higher tour score the less likely you will ever work for me.

Avoiding badly run companies or companies with serious sacandals huh... Blizzard Activaision must not count.

where did ESG come from? Who decided this has to exist now? it sounds like some vague nebulous thing that's not really needed and I would like to know where it comes from.

Woah woah woah. Stop right there with the poking of diversity in management. Managers by their very nature are selected as the best candidate for the job based on metrics of personal growth and responsibility... at the end of the process if there is a tie, knock yourself out with diversity. If this scorecard crap is in the way of profit, it's a losing proposition

Could this be the reason China now owns 31 percent of our farmlands and buying pork processing plants, we will be hungry but they will eat okay.

ESG = How woke people can lose money in the stock market and still maintain a false sense of accomplishment and wokeness 😢

@shway1

Жыл бұрын

then why is it that if I google SNP 500 ESG index performance, the ESG version has been doing significantly better?

This is very disturbing. It's amazing how stupid humans are.

Essentially corporations are developing a social credit system like China now. /sarcasm I'm sure this is going to be a net benefit to the consumer /end sarcasm

ESG is nightmarish. Locales will be negatively impacted, while a few chosen "winners" will temporarily be shored up, while the long term downtrend of the industry continues. Likely by design, incentivizing to control, subverting both the legislation and economics.

We need an app. Conservatives need to start their own scoring system. We could call it the FAIL score. A score based on Freedom, Autonomy, Independence and Liberty. A high score representing businesses, banks and people which aren't tied to government, racism or compliance with a liberal "social contract". A low score would lead us away from businesses and banks which support or take part in anti-capitalism, anti-family policies, anti-American activities, Civil Rights infringement or affirmative action practices. We can beat them at their own game and we should.

TIAA? Teachers Investment?

Wow! These companies wont survive a year!

This is sickening !!

ESG is unconstitutional.

i invest along my values of maximizing profit

I think this is gold but i urge them to re-think their position on nuclear energy companies. Nuclear energy is the clean energy solution with the most potential & Bill Gates holds that view too

@01al140291

5 жыл бұрын

Nuclear energy is not clean actually, there is an issue with waste disposal.

@UnkJo357

5 жыл бұрын

Its not sustainable. Where will the dump the waste?

@7780simon

4 жыл бұрын

really, what planet do you live on! most neclear plants have only 100 year plans for recycling, what the half life of uranium- 238, is 4.5 billion years thats certainly not esg core values

@aabbsher

4 жыл бұрын

I completely agree it was ignorant to call nuclear energy a "sin stock"

@aabbsher

4 жыл бұрын

@@01al140291 nope, there are existing solutions.

✒ Modern Finance 😀 smart beta 🌟

What's the mission of those pushing this totally controlling framework?

In Australia - Hey Dad - he got out of jail - and at the same time Australia has a gas shortage - is there a connection - hey dad - where is the fkin gas ya chunt? ha ha I have a fair bit of gas myself! come around and I ll hook you up!

Just says no to esg

Look into what is happening to the Dutch farmers

Is this why more have invested in cryptocurrencies?

@Individual_Lives_Matter

2 жыл бұрын

Probably the only way out of the coming woke dystopia.

Going through the comments, NOT ONE PERSON in the first 25 (I stopped looking after that) comments is for this horse shit policy.

Why is nuclear power in the divestment bucket?

The is scary and will only hold down everyday people

ask the dutch farmers and the people in sri lanka how this bullshit is going

@tomharrison6607

Жыл бұрын

@Heavy Metal Pulp no not just them everybody on earth is hurt by this esg nonsense i was just giving a couple of examples

This in combination with cbdc and we´re royaly fucked.

Should care... If you want to get broke.

FTX had a High ESG score Keep That In mind

Disgusting.

Forget Sesame Credit

This makes no sense. Especially the social part. How they treat employees and clients will always shine through. Upset clients will talk about their experience. Upset employees will underperform or seek employment elsewhere. Their experiences will reflect the actual "score." These metrics are garbage. This is all about gaining control over American corporations.