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by pavlov 1379 days ago
It's not nitpicking when you're using the term in a completely inapplicable, absurd sense.

A framework used to evaluate corporate investment candidates has nothing to do with social credit score boogaboos. It makes as much sense as saying: "Soon Big Government will be assigning buy/hold/sell ratings to you!"
1 comments
mizzack 1379 days ago
It's absolutely nitpicking. The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.

> A framework used to evaluate corporate investment candidates has nothing to do with social credit score boogaboos.

Functionally, ESG _already is_ a social credit score for companies and a tool for compliance. Do you think companies are taking ESG measures because they want to?

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pavlov 1379 days ago
> ”The "G" just stands for governance, otherwise it'd be a "C". On an individual level that could mean paying taxes on time, maintaining employment, etc.”

That’s not at all what governance means in the corporate context.

So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

As far as companies getting rated, well duh, there’s a giant industry around that. Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

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mizzack 1379 days ago
> So you’re basically saying that ESG can be applied to individuals as long as you redefine it to something completely else.

There are 802 million Google results for "personal governance". I'm not redefining anything.

> Companies don’t have civil liberties and they don’t have the right to receive investments from anyone who doesn’t choose to invest.

When the investment (or not) comes through trillion dollar asset managers by way of the Fed, it looks a lot more coercive.

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