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New report reveals surprising presidential candidates who will fight ESG, woke companies

Over the past decade, increasingly more companies have adopted environmental, social, and governance (ESG) metrics.

ESG is a kind of social credit scoring system that is designed to move the entire U.S. economy further to the left, by forcing businesses to promote social justice and environmental causes, like battling climate change.

According to a report by KPMG, one of the world’s largest accounting firms, 96 percent of the G250, defined as “the 250 largest companies by revenue as defined in the Fortune 500 ranking,” have ESG reports, with many employing large teams dedicated exclusively to that cause.

Over the past two years, concerned Republican lawmakers, most notably at the state level, have been attempting to limit the spread of the ESG movement. But if policymakers truly want to stop ESG nationwide, it’s going to take support from the White House.

In 2024, Americans will have an opportunity to elect a new president, and when they do, it will almost certainly have a major effect on ESG. If President Biden is re-elected, the White House will continue to be a champion for imposing a woke ideological agenda through businesses, but what about the other presidential candidates?

 Blackrock and Vanguard are forcing ESG and DEI initiatives on corporate America: Anson Frericks Video

Bottom of the Barrel

The two candidates with the lowest scores are Robert F. Kennedy, Jr. (D) and President Biden (F).

To his credit, Kennedy has been very critical of some of the biggest supporters of ESG on Wall Street, including Blackrock, as well as many large corporations who use ESG as a way of virtue signaling.

But Kennedy’s policy platform is full of regulations and environmental policies designed to expand the size and influence of government. We found no evidence Kennedy would tackle the ESG issue. Instead, it’s far more likely that he’d make the problem significantly worse.

Biden is the only candidate to have received a failing grade. Unlike Kennedy, Biden has been in bed with the biggest pro-ESG institutions for years, including the World Economic Forum and Blackrock.

And Biden has used his power has president to enact important policies meant to increase the use of ESG. For example, in March, he vetoed a Republican-led effort to stop many Wall Street firms from using ESG when managing other people’s money.

As our report clearly illustrates, no matter who wins the race for the White House, one thing is certain: the 2024 presidential election will have a remarkable and long-lasting impact on ESG.

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Justin Haskins is the director of the Socialism Research Center at The Heartland Institute and a New York Times bestselling author.

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