ESG is an acronym that stands for Environmental, Social, and Governance. One application of ESG criteria is a measurement system for private corporations and even private citizens that produces a score. Invariably, these systems force the preferred policies of the radical left on issues like climate change and social policy. By capturing capital and corporate America, the left can implement its preferred agenda without ever going through a legislature or the courts.
Still, understanding how ESGs can negatively affect individuals can be hard to track. The impact is evident in some cases where banks and payment services cut off an individual or group. However, how ESG investing and policies impact every American at the grocery store and the gas pump is less obvious. So the State Financial Officers Foundation (SFOF) announced a new campaign titled “Our Money, Our Values” to educate the American public on the dangers of ESGs.
The “Our Money, Our Values” campaign was officially launched during the SFOF National Meeting in Washington, D.C. It builds on the work of state financial officers from across the nation who have taken significant actions to prevent ESG from harming the citizens of their respective states. To date, state treasurers and attorneys general have focused on the effects of ESG investing on state pension funds and banking. ESG investing prioritizes climate change and other social issues, not maximizing investors’ returns.
“As SFOF members continue to fight for their constituents, it’s important the American people have an honest understanding of what ESG really is,” said SFOF CEO Derek Kreifels. “Our money should not be used to push policies that don’t align with our values and have nothing to do with maximizing the value of our retirements and pensions. We are launching ‘Our Money Our Values’ to help educate Americans everywhere who are being used by massive corporations like BlackRock, Vanguard, and StateStreet.”
Still, understanding how ESGs can negatively affect individuals can be hard to track. The impact is evident in some cases where banks and payment services cut off an individual or group. However, how ESG investing and policies impact every American at the grocery store and the gas pump is less obvious. So the State Financial Officers Foundation (SFOF) announced a new campaign titled “Our Money, Our Values” to educate the American public on the dangers of ESGs.
The “Our Money, Our Values” campaign was officially launched during the SFOF National Meeting in Washington, D.C. It builds on the work of state financial officers from across the nation who have taken significant actions to prevent ESG from harming the citizens of their respective states. To date, state treasurers and attorneys general have focused on the effects of ESG investing on state pension funds and banking. ESG investing prioritizes climate change and other social issues, not maximizing investors’ returns.
“As SFOF members continue to fight for their constituents, it’s important the American people have an honest understanding of what ESG really is,” said SFOF CEO Derek Kreifels. “Our money should not be used to push policies that don’t align with our values and have nothing to do with maximizing the value of our retirements and pensions. We are launching ‘Our Money Our Values’ to help educate Americans everywhere who are being used by massive corporations like BlackRock, Vanguard, and StateStreet.”
