Elon Musk slams corporatist moralism of ESG pushed by World Economic Forum

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Elon Musk slams corporatist moralism of ESG pushed by World Economic Forum | The Post Millennial


"I am increasingly convinced that corporate ESG is the Devil Incarnate," Musk said.


On Saturday, Tesla and SpaceX founder and CEO Elon Musk once again slammed corporate rules designed to guide ethical investing, known as Environmental, Social, and Governance (ESG) criteria, as the "Devil Incarnate. "I am increasingly convinced that corporate ESG is the Devil Incarnate," Musk said in a Twitter reply joking that not doing laundry complies with this criteria.



According to Investopedia, ESG criteria "are a set of standards for a company's operations that socially conscious investors use to screen potential investments"





Environmental criteria include a company's energy waste, pollution created, and treatment of animals and nature. Social criteria include whether a company supports LGBTQ rights and encourages diversity, and whether they pay a fair wage throughout their supply chain. Governance criteria include a diverse board, and embracing corporate transparency, Investopedia explains.

According to the Daily Mail, ESG is sponsored by the European Union, and if firms comply with the checklist, they receive a stamp of approval that investors can use to weigh their investing decisions.

The thread in which Musk was replying to originated with a social media clip from Politico, in which Margrethe Vestager, European Commissioner for Competition, called for shorter showers, and that when followers turn the hot shower water off early, they can say "take that, Putin."
ESG is social credit on a massive scale, applied to corporations and institutions. It's social credit with a trickle down effect. They won't have to implement direct social credit if they can convince you to modify your own behavior with a variety of social and economic levers," Musk wrote on March 22, 2022.
 On March 8, 2022, Musk tweeted out a pair of replies stating that ESG criteria has been "twisted to insanity," and that the criteria should be "deleted if not fixed."



The World Economic Forum has been a key player in pushing for the criteria, even keeping a live update page on their website in regards to reports on the topic.

In October, they posted a [url=https://www3.weforum.org/docs/WEF_Joint_Open_Letter_to EU_institutions_Future_of_Sustainability_Reporting.pdf]report[/url] regarding 60 companies that had issued an open letter requesting that the EU become a key force in setting global baselines for ESG disclosure standards


The letter ties the ESG criteria closely to European Green Deal efforts, and states that "we believe these efforts and committments need to be supported by globally consistent and comparable performance metrics and disclosures, to enhance decision-making, trust, and accountability."**

"Sustainability needs to be integrated into accounting and reporting systems," the letter added.

The letter later added: "To achieve a similar outcome on the ESG front — and to do so fast — the world should follow the same template and establish an independent body that can ensure objectivity and due process."

prevod sa wokish - accountability:
 In Critical Social Justice, “accountability” refers to being held liable and duly punished for speech, action, or belief that is problematic, which is to say that runs afoul of or contrary to the expectations and demands of the ideology. It can also refer to assessments of or within institutions, systems, or policy to determine if they are in line with the ideology. These assessments will be determined under the Theory of Critical Social Justice and will therefore seek to determine whether or not the relevant entities produce equitable outcomes or, instead, in some way create or maintain the systems of oppression that Theory assumes defines all of social reality.

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