ESG

A few years ago there was, what might be called an altruistic push within big corporations to have a social conscious, euphemistically called doing well while doing good. In retrospect it turned out to be more a public relations ploy than an actual program. This concept made a come back in the form of pressure from big stock holders, companies like BlackRock and Fidelity. They felt it was a corporate responsibility to promote diversity, equity and inclusion (DEI) and environmental, social and Governance (ESG) but this was too far too fast for many people so they backed off. It is still company policy but it is on the back burner. This was all done by private business without any push from government. In April of this year Europe passed into law their version of ESG with much stronger measures. This codifies the rules and many feel this could be next in the USA. One of the big concerns of ESG was climate change but that is fast losing steam and is a sign that the whole effort is dying off.