The Threats Posed by Environmental, Social, and Governance Policies

AIER White Paper #03 ESG-1

Leaders in business, government, and finance have increasingly imposed Environmental, Social, and Governance (ESG) criteria on the rest of society. These top-down restrictions on society are costly and ineffective ways to address perceived and actual social problems. Societies flourish when they are free to solve their problems through decentralized experimentation and innovation.

The language and priorities framed by ESG have permeated public and private institutions around the world. ESG advocates want to reshape our world in profound ways — from how we travel and heat our homes to what practices and products businesses must prioritize.

They want to move the world to a “low carbon” economy built on renewable energy. They also favor dramatic redistribution of wealth and power from the “haves” to the “have nots.” Their strategies for doing so undermine freedom, political self-determination, and economic prosperity.

ESG suffers not only from epistemological and ethical shortcomings, but also from conceptual ambiguity, ineffectiveness, and inefficiency. ESG’s advocates often wrongly conflate financial and nonfinancial objectives in their pursuit of deeply partisan progressive ideology on climate change, pollution, diversity, LGBTQ+ issues, and more.

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The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

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