Investment firms are using the ESG (Environmental/Social/Governance) scoring system to pressure companies to endorse left-wing ideologies. At the forefront of this is Larry Fink of Blackrock. He says that he wants to force people to change their behavior on race and gender.
Fink only applies this to Western companies as he has a long history of investing in Chinese companies accused of brutal human rights abuses.
International cigarette company Altria, the parent company of Philip Morris and other tobacco companies, has an S&P Global ESG score of 84 out of 100. By comparison, the electric car company Tesla has a score of 37.
Why ESG is the devil … https://t.co/uGrH0eBoMs
— Elon Musk (@elonmusk) June 14, 2023