ESG + CRS = BS ? Straight Talk on Business for Social Good with Tariq Fancy and Bethany McLean

ESG and Net zero initiatives have become some sort of a gravy train for so-called consultants such as McKinsey, MSCI, accenture, and other usual suspects. They're charging fees for trying to measure something which isn't measurable. Yet their fees are off the charts.

Thanks for spending the time to create and share this content awareness/perspective

ESG is... #JustAnotherSocialCreditScore I don't know about you, but I do not want centralized controls in any format. I don't want some agency placed in a powerful positions encumbered by immature psyches dictating whom gets to benefit from their discretions.

Great conversation. Tariq just gets to the point, no sugar coating

Down with ESG !!!!

Extra ESG points if you discriminate against Christian white males.

Would love to hear more

Excellent conversation. I have been studying these challenges during my MBA and continued with University of Cambridge post-grad studies. This conversation managed to capture many key challenges and findings in a brief time. I would love to hear more on this topic, perhaps a series.

I noticed there are no psychologists on the panel. The current theory in that science is that the general (baseline) attitudes, feelings, and social behaviours, of a person are formed by the time they are 7 years old. The amount of that which is attributable to biology and/or to social conditioning in not clearly known, only that it emerges and is formed. A lot of this takes the form of unconscious biases, likes and hates etc. race, gender, ethnicity, and every other rational and irrational attitude. So a key to this early development is NOT to teach "irrational beliefs", or beliefs and attitudes that unconsciously conflict. This concept by Larry Fink about "forced behaviours" on Corporate Executives is totally contrary to human nature, and to Capitalism. If you try to "FORCE" a "Corporate Executive" out of making PROFIT for shareholders, then you are going to get the crazy "Budweiser Effect".

Enjoyed Tariq's intelligent analysis!

Nice talk. I can speak to the energy piece of this and many of the components of buildings are already labeled for energy consumption. Building energy codes are created after testing on various building assemblies. The esg score as far as a consumer can see just gives a number. Well what does that mean? Is it offsets that gets them there? Is it the buildings that get them there? I find just that one portion of the score to be opaque and rather meaningless. We have energy audits here on residential homes and I know of a project that was built by the same builder tested by 2 different auditors that were 35% apart. That is not a reliable number.

If ESG is necessary, put it in law, where it can be contested. Otherwise it is ideological, subjective and undemocratic

esg is a scam. in fact, it's worse than that.

The fundamental problem we have here is that the earth has only so many resources on it. Yes with technology we are finding more - it still is constrained and the world is becoming more polluted/degraded. ESG has become a political football in many cases. Surely it needs to step aside from such debates and for ESG to focus on the environmental element, otherwise there will be no future profit for firms to harvest.

If there are great regulatory ideas to be implemented, they should be voted on thru Congress. If there are business decisions to be made, they should serve the shareholders. ESG in its current form sidesteps our democratic republic representation, and runs counter to the Boards responsibilities to the shareholders, while giving people setting ESG standards powers they should not have. I say this without regard to the merits of ESG agendas, or lack thereof. Some ESG ideas could be really good ideas, and they would still suffer from aforementioned major issues.

Typo in the title

You can still intergrate CSR and ESG ideals and philosophy naturally. You don't need these so-called "consulting groups or firms" to achieve that. You just need to be self-aware with everything around and respecting the indivial it collective rights of not only your workforce but also your clientele without being seen as being "forceful" and has an obvious ulterior motive or agenda. It's just a matter of how you implement and practice it.

ESG is good for society. Companies throughout the world focus on environmentally safe products. Government forces companies to be safe for society. Tariq said about tesla capitalism n tobacco capitalism. According to him,Government encourages tesla capitalism but it keeps a surveillance eye to tobacco capitalism. Environmental scientists also warn. Companies now check the government initiatives n companies find values added from junior to senior for good of society. Thanks.

.......... Soooooooooo, you're sayign short ESG's? Fuck it, I'm in!

ESG = The Gay for pay score 😆 🤣 😂