What do you know about ESG ratings?

[Lost_in_the_HTTP]

One of my banks has a community discussion area, similar to a forum but a lot less functional. It allows members to start thread and respond to posts, but is more of a comment board than for open discussions.

In recent weeks, there have been a number of posts from people griping about something called an ESG rating by the World Economic Forum. They are demanding to know if the bank will be using them and if so, they will be closing their accounts. They feel it's some master conspiracy to rate people on their social media posts and that it may cost them loans, or higher interest rates based on what they post or what they drive.

I can't find any basis for their seemingly insane rants. What I see is mentions of corporate ratings for investors to use when making financial decisions and maybe governments to use when awarding grants.

https://en.wikipedia.org/wiki/Environmental,_social_and_corporate_governance

ESG Reports and Ratings: What They Are, Why They Matter

Read our latest post from Davis Polk Counsel Betty Moy Huber and Associate Michael Comstock.

corpgov.law.harvard.edu

Your thoughts?

 

[sdifox]

Social responsibility rating of companies, not people.

https://en.m.wikipedia.org/wiki/Environmental,_social_and_corporate_governance

 

[BarkingGhostar]

I would find it amusing that anyone with a working brain would care about their social media. Then again, I realize I am not on the far left of the bell curve when it comes to common sense. There should always be one online personality for acting like a mature adult and another one whereby you act like the ass you truly are. The first one is optional but the second one is most certainly the wisest approach.

 

[Lost_in_the_HTTP]

I would find it amusing that anyone with a working brain would care about their social media.

A lot of people have been fired, not hired or otherwsie sanctioned for what they post.

 

[Ajay]

A lot of people have been fired, not hired or otherwsie sanctioned for what they post.

Hmm. Reported!

 

[herm0016]

its a way to measure the financial and social health of a company. ESG is not a score, its a set of data the different organizations can use to come up with some kind or score or grade.

 

[BarkingGhostar]

A lot of people have been fired, not hired or otherwsie sanctioned for what they post.

Which is why one should maintain an alternate identity. Maybe it is because I work for a very large company and know how to write outside of my professional style that has kept me safe while identifying the company and its many means and ways of being evil. But if your employer is so evil and the compensation isn't equal in magnitude then why stay? Burn the bridge and warn others.