INTERIVEW | Consumers Research Head Breaks Down Dangers of ESG Policies in Investing

Published: July 19, 2023, 7 a.m.

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Will Hild, executive director of Consumers\\u2019 Research, has a message for everyday Americans.

\\u201cHere\\u2019s the only definition of ESG you really need to remember,\\u201d Hild says, talking about environmental, social, and governance standards. \\u201cESG is when the financial services industry uses their market power to push through environmental and social policy that they could not get passed through the ballot box.\\u201d 

\\u201cSo, take the E for example, that stands for environment. What that really means is pushing companies to hit net-zero carbon emissions by 2050,\\u201d Hild says. 

\\u201cS stands for social,\\u201d he adds. \\u201cWhat that really means is pushing companies to engage in LGBTQ propaganda, transgender ideology, pro-choice propaganda or policies at the corporate board level, or weighing into board makeup of companies in terms of setting racial and sexual quotas at the board level.\\u201d

\\u201cAnd then, the G \\u2026 stands for governance, and that\\u2019s really just the enforcement mechanism,\\u201d he adds. 

Consumers\\u2019 Research, a nonprofit founded in 1929, describes itself as \\u201can independent educational 501(c)(3) nonprofit organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.\\u201d

Hild joins today\\u2019s episode of \\u201cThe Daily Signal Podcast\\u201d to discuss the long-term effects of ESG policies, his thoughts on House Republicans\\u2019 focus on the subject, and two types of legislation that have been passed on ESG at the state level.



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