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.") - Kotaku In Action 2

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 2 years ago by SupremeReader 2 years ago by SupremeReader +53 / -0

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– FrostedCricketFlakes 17 points 2 years ago +18 / -1

Environment, Social and Guidance. It's the credit system behind WEF's "Stakeholder Capitalism," (fascism) similar to China's Corporate Social Credit System. This is a white paper for ESG metrics WEF website, Direct link to the PDF. If you search online for "ESG metrics" or "Stakeholder Capitalism metrics" you'll find other information or summaries, including from companies that help others report their ESG metrics.

Many members of the WEF have implemented it:

BlackRock, the largest investment firm uses it to decide where to invest, and how to modify the behavior of the companies it has invested in.
Banks, which promote ESG investment, and tie how well ESG companies to to their head's remuneration. They also may provide better credit terms, easier to access, and lower rates relative to ESG score.
Governments use it to determine who to provide more favor to. The Trudeau government uses BlackRock to determine which companies to provide recovery funds. BlackRock uses ESG, and therefore the companies which the Trudeau saves are only those with a good ESG score.