ESG Scoring Drives Companies Into Sustainable Development, Aka Technocracy

TWO PLUS TWO EQUALS FOUR

Technocracy News & Trends – Mar 03 2022

Posted By: Patrick Wood March 3, 2022

Please Share This Story!

ESG stands for “Environmental, Social, Corporate Governance” and has been likened to a globalized Social Credit Scoring system for business. If you have a high ESG score, it will be easy to qualify for credit, to get the best deals with vendors and to participate in the global supply chain.

Alas, if you don’t have a high ESG score, you won’t be in business long unless you change your behavior and knuckle under to its demands.

So, how is ESG determined and who sets the rules and guidelines?

First, ESG has nothing to do with the physical aspects of a company, like capital, cash flow or profit. Rather, it concerns intangible factors such as how closely you, your vendors and customers adhere to Sustainable Development and climate change policies.

According to

View original post 880 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.