Remember: “ESG” was implemented by Larry Fink. “DEI” policies were created to satisfy “ESG”. Companies and lenders who were not sufficiently “ESG”-compliant would receive less favorable capital financing terms. Due to Blackrock’s size, this policy “trickled down” to everyone and everything.
“ESG” and “DEI” are “DrivebyIdeas” like “Sustainable Development”, “Effective Altruism”, or “Inclusive Capital”.
It seems like a good idea in passing but in reality, “ESG” policies are effectively ideological “loyalty” statements, similar to those implemented by Soviet Commissars that solidify power for the ruling-class.