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53
Japan to use foreign reserves for ESG investments ("Japan becomes first among G7 to invest FX reserves in ESG ... Standing at $1.4 trillion, Japan's foreign reserves are second only to China's.") (archive.ph)
posted 4 years ago by SupremeReader 4 years ago by SupremeReader +53 / -0
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– Assassin47 13 points 4 years ago +13 / -0

I'm usually cynical about political solutions being useful, but really the only way to stop this is for the US to have a #brexit-style political movement that bans or inverts ESG funding at the federal level. Have it so companies and investors are punished rather than helped by anything on the ESG points system. Call ESG anti-competitive and anti-profit, which is the whole point of a for-profit corporation. This is big enough to be in the party platform.

It likely wouldn't be permanent once politics flips the other way, but the US boldly enacting those regulations would cause enough instability to make companies and foreign powers to think twice about the whole idea.

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– DonuteaterReturns 1 point 4 years ago +1 / -0

THis is something important to realize. There is no private solution to this, you have to get the government involved.

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