"Arr matey! A recent tattle be spillin' the beans 'bout unexpected scallywags runnin' against ESG and woke firms!"
2023-10-19
Arr, scurvy dog researchers at The Heartland Institute didst delve into the ESG policy platform fer almost all o' the presidential scoundrels, arr!
Over the past decade, there has been an increase in the adoption of environmental, social, and governance (ESG) metrics by companies. ESG is a system that aims to push the U.S. economy towards the left by promoting social justice and environmental causes, such as fighting climate change. According to a report by KPMG, 96 percent of the top 250 companies in terms of revenue have ESG reports and dedicated teams for this purpose.Republican lawmakers have been trying to limit the spread of the ESG movement, particularly at the state level, but stopping it nationwide would require support from the White House. The outcome of the 2024 presidential election will likely have a significant impact on ESG. If President Biden is reelected, the White House will continue to champion imposing a woke ideological agenda through businesses.
The Heartland Institute conducted a thorough investigation of the ESG policy platforms of the presidential candidates, including Ron DeSantis, Donald Trump, Nikki Haley, and Robert F. Kennedy Jr. The study assigned letter grades to each candidate based on their positions on ESG. Only four Republican candidates met the gold standard for an anti-ESG platform: Ron DeSantis, Donald Trump, Mike Pence, and Tim Scott.
Surprisingly, businessman Vivek Ramaswamy, who has spoken out against ESG, received a B grade because there was no evidence that he would ban financial institutions from discriminating against consumers using ESG metrics. Nikki Haley, Asa Hutchinson, and Chris Christie received grades in the "C" range, while Robert F. Kennedy Jr. and President Biden received the lowest scores.
Regardless of who wins the presidential race, the 2024 election will undoubtedly have a lasting impact on ESG. The full report on the candidates' positions can be found on The Heartland Institute's website.