You would never be a publicly traded company, and you would probably never receive investment money from a good number of investors either. You'd need to rely completely on your own profits.
Keep in mind that for most of Amazon's existence it never turned an actual profit. Same for YouTube, etc.
Also a lot of this ESG stuff already is or will become law. You can't exclude women or nonWhites because the law straight up requires you to have them (once 25/50+ employees) or they will destroy your business with lawsuits. You will face regulations on what types of fuel/transportation/energy you can use and where it's sourced from. etc etc etc.
Yeah, it's certainly a messy situation. Some of those laws need to go, but it seems like a tall order right now.
So, while "vote with your wallet" is not working as intended, it can at least act as a vital support for any business that's managing to steer away from this ESG thing.
Now, if there were some simple method for the public to view whether a business is receiving this ESG funding, maybe some kind of campaign for awareness or activism could arise.
ESG is quite awful, but I'm unclear on how a company could avoid playing ball. Would it be sufficient to never become a publicly traded company?
You would never be a publicly traded company, and you would probably never receive investment money from a good number of investors either. You'd need to rely completely on your own profits.
Keep in mind that for most of Amazon's existence it never turned an actual profit. Same for YouTube, etc.
Also a lot of this ESG stuff already is or will become law. You can't exclude women or nonWhites because the law straight up requires you to have them (once 25/50+ employees) or they will destroy your business with lawsuits. You will face regulations on what types of fuel/transportation/energy you can use and where it's sourced from. etc etc etc.
Yeah, it's certainly a messy situation. Some of those laws need to go, but it seems like a tall order right now.
So, while "vote with your wallet" is not working as intended, it can at least act as a vital support for any business that's managing to steer away from this ESG thing.
Now, if there were some simple method for the public to view whether a business is receiving this ESG funding, maybe some kind of campaign for awareness or activism could arise.