ESG Really Stands For Every Sale Gone
ESG stands for Environmental, Social, and Governance. Companies that adhere to environmental, social and governance standards agree to conduct themselves ethically in those three areas, and can draw on a range of strategies, tactics and ESG solutions. But, as we’re learning, ESG really stands for every sale gone.
Background
I searched for ESG and got back a bunch of convoluted results. There is no good definition of what it is. But, I know that it is a score awarded to companies based on their adherence to environmental, social and governance standards. The bank and investment money they have at their disposal is based on their ESG score. The higher their score, the more money is available to them.
Catch 22
The companies are in a “no win” situation. If they play the ESG game, they lose customers. And, if they don’t play the ESG game, they have limited funds available to them. So, either way they lose money. I’m sure this is by design for the World Economic Forum and the Great Reset. I am blown away by the number of senior leaders of companies that fall in this quicksand. They are supposed to be smart. My advice to them is to stay away from the ESG game.
Bud Light
This is the most recent example and most devastating result of ESG infiltration in a company. Anheuser-Busch decided to promote their Bud Light beer using a deranged boy who pretends to be a girl. Of course, they thought this was a clever way to increase their ESG score. But, it insulted a lot of their customer base, and people stopped buying Bud Light.
Anheuser-Busch’s attempted damage control has been a total mess. Now, they have angered their LGBTQ customers too. I don’t see a way out for Anheuser-Busch. They are backed into a corner as a result of the ESG baloney.
Bed, Bath and Beyond
Bed, Bath and Beyond is closing all of their stores. Quite a while ago, they made the “not so smart” decision to pull all MyPillow products from their stores. And, conservatives stopped shopping at their stores. Conservatives account for half of the United States population. Bed, Bath and Beyond chose ESG over sales. That was a super dumb idea.
Fox News
Fox News is a total mess. Recently being the most watched cable news network, they are now trending downward. They fired Tucker Carlson, who was the most watched cable news show host by a long shot. I love reading how Fox thinks everything will be OK in time. Unfortunately, Fox has been insulting their target audience for some time now. I don’t think time will heal this wound. And, I don’t think you will find somebody to replace Tucker’s ratings. ESG rules your company to it’s own detriment.
Conclusion
Every Sale Gone (ESG) is every bit as real as the ridiculous ESG score. Companies need to avoid the ESG score because it can spell doom for your company. Look for investment options with financial institutions that don’t participate in ESG. If you don’t, you can fall into the Anheuser-Busch trap. And, you don’t want that. Trust me!
