https://www.xoxohth.com/thread.php?thread_id=4827833&mc=35&forum_id=2#42411914

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382640)

But you may be referring to how entrenched they get after backlash.

It isn’t about company financing from banks like what was discussed in another thread yesterday. This has been pushed by the huge institutional investors like Blackrock and Vanguard. These companies collectively own minority chunks of every major public company. And they have shown a willingness to throw their weight around and challenge directors through voting if the directors don’t support ESG.

It’s pretty fucked up because Blackrock and Vanguard aren’t investing with their own funds really — they’re investing on behalf of others but then voting on these ESG principles that aren’t really about maximizing value for their clients.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380215)

IIRC it was a big problem with Elon's Twitter takeover and Gamestop. They shouldn't get votes.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380532)

Post-budweiser, they have to rethink the value proposition.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380219)

Which is to say the outrage media find isolated instances and then persuades retards that it's pervasive.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380407)

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380614)

Either you’re just glibly repeating the same false narrative you just said above in the face of someone who I actually watching this play out from the inside of a publicly traded company, or you’re doing the equivalent of suggesting that this pressure doesn’t mean they’re “forced” to do it. Either way it’s stupid and demonstrates that, not surprisingly given you have no line of sight into this issue, you hav no idea what you’re talking about.

By the way — this isn’t cloak and dagger. Go read the ESG reports to the public made by most major US companies. It’s all right there. And yea some of it is aspirational BS that won’t get implemented but a lot of it either already has or will in the future.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380668)

ESG has become some kind of normiecon buzzword thing that people now repeat without understanding. No offense I like you as a poaster. It's actually more about "climate change" than anything else

ESG is not making Target turn their entire store into a creepy dystopian tranny worshiping nightmare. It's not making Bud Light inexplicably hire tranny spokesmen. These organizations make these decisions completely of their own volition, because the members of the organizations believe in this stuff and support it

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380424)

Edit: BTW I agree with you that the “E” is most prominent. It may stay that way but my prediction is that the investors pushing it see “E” as the least controversial one to push at this stage and that eventually “S” will be on par with or even surpass it. But that’s just my speculation.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380536)

Yeah, the laws might not say you HAVE to do this, but the federal government has the power to make life hell for random companies if it feels like it, and there's lot of things that HR/legal types will tell companies they can/should do to minimize the odds of that happening. Often, that boils down to either hiring DEI types, or having race quotas, which both lead to more wokeness, etc.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380437)

https://www.ssga.com/us/en/intermediary/etfs/insights/the-inflation-reduction-act-of-2022-esg-implications

https://oversight.house.gov/hearing/esg-part-i-an-examination-of-environmental-social-and-governance-practices-with-attorneys-general/

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380530)

“We’ve shifted to {cheaper supplier of input}. The decrease in shipping distance and freight weight saves 6 million tons of carbon emissions a year!” (Price stays the same)

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380656)

Profits are down 3%? - sure as shit aren't going to put that on a power point at the next presentation.

Here's a slide about how you increased DEI spending by 11% and priortizied marginalized groups so t he company is doing great!

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380681)

Liberals will happily tolerate flagrant corporate abuses so long as the corporation signals they are the same religion.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382339)

UMC people tend to spend more.

Free Market. Suck a dick bitch bois.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46380692)

My target parking lot normally is full of Kias, RAV4s, and minivans. UMC?

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382353)

I don't think Bud Light recovers. Lucky for AB, they have other huge brands, but Bud Light will never be the #1 beer again (which it was just a couple of months ago, I think).

In the 1970s Schlitz was the #1 brand of beer. A couple of marketing mistakes and, well, try to find Schlitz in your local today.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382610)

Agreed. But that's news that execs don't want to hear. We have a bias towards action. "Do something!"

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382624)

https://www.xoxohth.com/thread.php?thread_id=4827833&mc=35&forum_id=2#42411914

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46382645)

1. **Investor Pressure**: ESG investing has become an increasingly significant trend in the financial world. ESG metrics refer to a company's environmental, social, and governance performance. As investors are putting more emphasis on these factors, companies might feel pressured to align themselves with progressive causes, social issues, and sustainability efforts to attract and maintain these investors.

2. **Consumer Demand**: Many consumers, particularly younger ones, prefer to support companies that align with their values. This includes issues related to social justice, climate change, equality, diversity, and inclusivity. Companies may adapt "woke" policies and marketing strategies in an effort to meet these consumer demands.

3. **Employee Expectations**: Current and potential employees, particularly in younger generations, often value workplaces that are diverse and committed to social issues. Companies may adopt "woke" policies to attract and retain talent.

4. **Legal & Regulatory Requirements**: Companies also must comply with local, state, and federal laws and regulations, many of which have progressively aimed to enforce equality, diversity, and sustainability.

5. **Public Relations & Reputation Management**: Taking a stand on certain issues can improve a company's public image. Engaging in socially responsible behavior can serve as a form of reputation management.

Critics of "corporate wokeness" argue that companies sometimes adopt these policies superficially, without making substantive changes (a phenomenon referred to as "performative wokeness" or "virtue signaling"). They may also argue that companies are straying too far from their primary purpose of generating profits for shareholders.

Supporters, on the other hand, may argue that companies have a social responsibility to promote positive change and that adopting "woke" policies can be beneficial for the bottom line in the long run, by attracting socially conscious consumers, employees, and investors. They also believe that business should be a force for good, contributing positively to society, and not just focused on making a profit.

Please note that the term "woke nonsense" has a negative connotation. It's always important to discuss these matters in a respectful and constructive way, as opinions on these issues can vary greatly.

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46386259)

https://nypost.com/2023/06/03/lefty-investment-firms-doom-corporate-usa-bud-light/

Basically lib state politicians use control of pension funds to coerce blackrock to back woke initiatives at companies

(http://www.autoadmit.com/thread.php?thread_id=5349092&forum_id=2#46386826)