Vanguard - one of the biggest purveyors of ESG bullshit - is now abandoning ESG investing
(www.spectator.com.au)
- YUGE -
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Florida & other states pulled their pension funds out of the esg woke satanic shit.
So at least on the public front, those woke satanic wall street assholes have to retreat a bit. Whether they really retreat or just redefine things is yet to be seen, but in terms of PR, they seem to have lost this round.
This is the right assessment. Regardless if they had a personal change of heart, the fact they are publicly walking away from ESG should not be discounted.
This will have downstream affects. Many companies only embrace ESG because they get favorable banking terms and investments.
Okay, now that jibes. Florida is the nation's third most populous state. That's a lot of money leaving. Add in people with retirement investments ready to jump ship at the first sign of "woke" and that's why Vanguard backed off.