Home » Politics » Heritage Foundation unveils initiative opposing ESG policies pushed by 'woke' corporations
Heritage Foundation unveils initiative opposing ESG policies pushed by 'woke' corporations
Stopping ESG will take fortitude from Congress: Former OMB director
Former White House OMB Director Russ Vought on ESG policies in Corporate America, Senate candidate John Fetterman’s comments on the oil industry and the Fed’s handling of inflation.
The Heritage Foundation, a conservative think tank, has launched a campaign against economic policies known as ESG that it says are being used by the Left as a social credit score to force businesses and financial institutions to adopt progressive ideologies across the globe.
ESG, which stands for environmental, social, and governance, is a set of criteria used by some institutions to screen investments based on a company’s commitment to certain policies or values which the Heritage Foundation says is being used to promote a radical progressive agenda, specifically on climate change, in the United States.
"Under ESG, traditional American energy like oil and gas is punished and the Left’s ‘woke’ cultural agenda is implemented from the boardroom down to the factory floor," the website for the new Heritage Foundation program, named ESG Hurts, states. "This agenda is being pushed by green activists, woke culture warriors, global elites, and the big businesses they control."
Andrew Olivastro, vice president for outreach at Heritage Foundation, told Fox News Digital that ESG is a "direct assault on the free market economy" due to its incompatibility with self-governance.
TEXAS DEMANDS DOCUMENTS FROM BLACKROCK, OTHER FINANCIAL SERVICE FIRMS IN ESG PROBE
PoliticsComments Off on Heritage Foundation unveils initiative opposing ESG policies pushed by 'woke' corporations