Investing to promote environmental, social, and governance (ESG) outcomes — rather than to just maximize profit — became the hot topic in finance this year and will likely continue as a controversial issue into 2023. Many major asset managers, banks,…

BlackRock, a premier investment manager committed to so-called environmental, social, and governance (ESG) goals, faces a rocky end to a rocky year. This month, the state treasurer of North Carolina requested CEO Larry Fink’s resignation and, to make matters worse,…

Despite growing opposition to Environmental, Social, and Governance (ESG) investment practices, government agencies are colluding with Big Business to mandate the assessment of climate change risk in financial investments. The Federal Reserve Board recently announced a partnership with the nation’s…

From Harvard to Hong Kong, stakeholder capitalism is gaining popularity at elite business schools worldwide. Followers of this trendy concept believe that a corporation, instead of primarily operating to benefit shareholders, should work to benefit all interested parties — or…

The Environmental, Social, and Governance (ESG) scoring system is undergoing intense scrutiny. It also has become quite a political football, with conservative governors, attorneys general, and other officials pushing back against the movement while progressive politicians argue that ESG needs…

The mutual fund industry has gone “woke.” It’s not just the asset managers who screen socially “unacceptable” companies in industries involving, say, guns, fossil fuels, tobacco, or gambling. Those have been around for decades. No, there’s something else amiss. And…

Reports about ESG — “environmental, social, and governance” scores that progressive activists, money-management firms, and government agencies (namely, the Securities and Exchange Commission) assign to corporations — have become nearly ubiquitous in the news. There is even a website, esgnews.com,…

Gotabaya Rajapaksa’s final action as Sri Lanka president last week was to cling to power just long enough so that he could find a country that would accept him in exile. In the dead of night, a Sri Lankan military…