by Dr. Mathew Maavak, Global Research:
The environmental, social, and governance (ESG) agenda once had the staunch backing of billionaires, Western governments and the United Nations. Big Capital, however, is backtracking from the very Frankenstein it had created. What are the reasons behind this volte-face?
In a June 10 Tweet, Elon Musk, the embodiment of the electric vehicle (EV) revolution, declared that “ESG is the devil”.
ESG stands for the “environmental, social and governance” principles which dictate that certain aspects of a company’s work must be taken into account when deciding whether to invest in it. An investment-worthy company must have a good score on things like climate change, sustainability, energy efficiency, diversity, equity and inclusion, as well as corruption and bribery prevention, among others.
The world’s four largest agrochemical companies exert increasing leverage over an agricultural system where the concentration of power and wealth threatens health, the environment and access to food, according to a new report.