Who is Behind Corporate Jihad (Thread)
When it happens in 1-2 companies, chase the individuals. But when it’s happening in many companies, chase the system
I did exactly
After deep digging, I found the real faces behind it
My complete investigation is in this thread
1/25
When it happens in 1-2 companies, chase the individuals. But when it’s happening in many companies, chase the system
I did exactly
After deep digging, I found the real faces behind it
My complete investigation is in this thread
1/25
The earlier criteria to find good companies was their financial but this criteria changed in 2004
The power of 18 powerful global investors
Brain of world Economic Forum
and influence of United Nations
Came together with a beautiful looking but dangerous plan
The power of 18 powerful global investors
Brain of world Economic Forum
and influence of United Nations
Came together with a beautiful looking but dangerous plan
The birth of ESG
In Jan 2004, UN Secretary-General Kofi Annan wrote to CEOs of 55 of world’s largest financial institutions with an unusual invitation- join a joint initiative to determine how financial markets could better integrate environmental, social, and governance (ESG)
In Jan 2004, UN Secretary-General Kofi Annan wrote to CEOs of 55 of world’s largest financial institutions with an unusual invitation- join a joint initiative to determine how financial markets could better integrate environmental, social, and governance (ESG)
concerns into the business of capital allocation.
The response was remarkable. Eighteen leading financial institutions from nine countries came together. The result was a landmark report titled “Who Cares Wins: Connecting Financial Markets to a Changing World.”
The response was remarkable. Eighteen leading financial institutions from nine countries came together. The result was a landmark report titled “Who Cares Wins: Connecting Financial Markets to a Changing World.”
And with this a new framework came for Corporate world - ESG
It was decided that for the investment in companies, not only financial but their ESG initiatives will also be taken care
Entry of ESG from NGOs to mainstream finance
Soon all fortune 500 companies adopted it
It was decided that for the investment in companies, not only financial but their ESG initiatives will also be taken care
Entry of ESG from NGOs to mainstream finance
Soon all fortune 500 companies adopted it
2015: The UN SDGs: Giving the “S” a Global Target Sheet
In Sep 2015, the UN General Assembly adopted 17 Sustainable Development Goals to be achieved by 2030, backed by all 193 UN member states.
Many of these UN SDG were integrated in 'Social' part of ESG also
In Sep 2015, the UN General Assembly adopted 17 Sustainable Development Goals to be achieved by 2030, backed by all 193 UN member states.
Many of these UN SDG were integrated in 'Social' part of ESG also
SDG 5: Gender Equality
SDG 8: Decent Work
SDG 10: Reduced Inequalities
SDG 16: Peace, Justice
ESG reporting bodies like GRI and SASB rapidly integrated the SDG framework into their standards
“S” in ESG had a global scorecard. Now it needed institutions to enforce it
SDG 8: Decent Work
SDG 10: Reduced Inequalities
SDG 16: Peace, Justice
ESG reporting bodies like GRI and SASB rapidly integrated the SDG framework into their standards
“S” in ESG had a global scorecard. Now it needed institutions to enforce it
BlackRock’s “Purpose” Letter: The “S” Enters the Boardroom
Here came the entry of BlackRock and Vanguard
In January 2018, Larry Fink published his annual letter to the CEOs of the companies BlackRock invested in. Its central argument was that every company needed a sense of
Here came the entry of BlackRock and Vanguard
In January 2018, Larry Fink published his annual letter to the CEOs of the companies BlackRock invested in. Its central argument was that every company needed a sense of
social purpose, not as a side activity, but as a condition of its legitimacy.
when the CEO of a $6 trillion asset manager said it in a letter that every major corporate board in the world would read
With this it became mandatory for every company to comply ESG norms
when the CEO of a $6 trillion asset manager said it in a letter that every major corporate board in the world would read
With this it became mandatory for every company to comply ESG norms
What is ESG? Simple breakdown 👇
ESG stands for Environmental, Social & Governance.
It’s how companies are judged beyond just profits:
• Environmental: Impact on climate, pollution, waste & sustainability
• Social: How they treat employees, customers, communities & human rights
• Governance: Ethics, transparency, board independence & anti-corruption
Big global investors now pour money only into companies with strong ESG scores.
ESG stands for Environmental, Social & Governance.
It’s how companies are judged beyond just profits:
• Environmental: Impact on climate, pollution, waste & sustainability
• Social: How they treat employees, customers, communities & human rights
• Governance: Ethics, transparency, board independence & anti-corruption
Big global investors now pour money only into companies with strong ESG scores.
2019: WEF’s “Stakeholder Capitalism”
Stating that companies must serve a social purpose was one thing. Measuring whether they actually did was another
Working in partnership with the Big Four accounting firms, Deloitte, EY, KPMG, and PwC and Bank of America, the WEF’s International Business Council (IBC) set out to develop a universal set of ESG metrics that companies could report against regardless of their industry or geography.
Stating that companies must serve a social purpose was one thing. Measuring whether they actually did was another
Working in partnership with the Big Four accounting firms, Deloitte, EY, KPMG, and PwC and Bank of America, the WEF’s International Business Council (IBC) set out to develop a universal set of ESG metrics that companies could report against regardless of their industry or geography.
2020: The Davos Manifesto
The manifesto made explicit what Fink’s 2018 letter had implied
Later in Sep 2020, the WEF published the landmark report “Measuring Stakeholder Capitalism
It released 21 core ESG metrics and 34 expanded metrics
The manifesto made explicit what Fink’s 2018 letter had implied
Later in Sep 2020, the WEF published the landmark report “Measuring Stakeholder Capitalism
It released 21 core ESG metrics and 34 expanded metrics
2022: COVID-19 and George Floyd
WEF used these incidents as driver of global reset and aggressively pushed more draconian ESG to all companies of the world
After Floyd’s murder, nearly 1,400 Fortune 1000 companies pledged a combined $340 billion toward fighting racial injustice
WEF used these incidents as driver of global reset and aggressively pushed more draconian ESG to all companies of the world
After Floyd’s murder, nearly 1,400 Fortune 1000 companies pledged a combined $340 billion toward fighting racial injustice
S became most powerful in ESG (Which was always plan of Globlist)
“S” in ESG did not remain just about gender metrics and health and safety it became about systemic racism, racial equity, and the lived experience of minority employees inside corporate structures.
“S” in ESG did not remain just about gender metrics and health and safety it became about systemic racism, racial equity, and the lived experience of minority employees inside corporate structures.
BlackRock’s 2021 Letter: “Climate Risk is Investment Risk” - and So is Social Risk
BlackRock had the voting power to remove board directors. And Fink was now explicitly stating that social and sustainability failures, inadequate disclosure, insufficient DEI progress
BlackRock had the voting power to remove board directors. And Fink was now explicitly stating that social and sustainability failures, inadequate disclosure, insufficient DEI progress
poor labour practices would result in BlackRock voting against directors at the companies it held.
This was not advocacy.
It was enforcement.
If you are patiently reading my thread, you must have observed, how it started in 2005 as voluntary became enforcement by 2022
This was not advocacy.
It was enforcement.
If you are patiently reading my thread, you must have observed, how it started in 2005 as voluntary became enforcement by 2022
Now lets talk about ESG's journey in India
2009: Ministry of Corporate Affairs (MCA) issued Voluntary Guidelines on Corporate Social Responsibility in 2009. These were entirely voluntary and had no specific provisions on caste or religious discrimination
2009: Ministry of Corporate Affairs (MCA) issued Voluntary Guidelines on Corporate Social Responsibility in 2009. These were entirely voluntary and had no specific provisions on caste or religious discrimination
2012: SEBI passed a Board resolution mandating the top 100 listed companies to report on their ESG performance through a Business Responsibility Report (BRR), forming part of their annual reports. The SEBI directive took effect from the fiscal year 2013–14
2015-19
The applicability of BRR was extended to the top 500 listed companies in 2015–16 and to the top 1,000 listed companies by December 2019.
Now More companies were drawn into the ESG reporting net, but the content on social inclusion remained largely aspirational
The applicability of BRR was extended to the top 500 listed companies in 2015–16 and to the top 1,000 listed companies by December 2019.
Now More companies were drawn into the ESG reporting net, but the content on social inclusion remained largely aspirational
2019
India accepted the WEF's resolutions
National Voluntary Guidelines (NVGs) were upgraded to National Guidelines on Responsible Business Conduct (NGRBC)
One of the principal was - respect and promote human rights
it opened door for issues of caste and religious equality to be framed as business obligations, not just charitable choices
India accepted the WEF's resolutions
National Voluntary Guidelines (NVGs) were upgraded to National Guidelines on Responsible Business Conduct (NGRBC)
One of the principal was - respect and promote human rights
it opened door for issues of caste and religious equality to be framed as business obligations, not just charitable choices
2021: SEBI replaced the BRR with the Business Responsibility and Sustainability Report (BRSR), a comprehensive framework requiring listed entities to report on ESG indicators from FY 2022–23 onward
July 2023, SEBI launched the BRSR Core
July 2023, SEBI launched the BRSR Core
But if you compare Indian standards of ESG, these were still not as strict as USA and EU
So pressure was created on India
Fake articles were planted, fake reports were generated to force India to implement hardcore ESG
Oxfam India Discrimination Reports (2022) was one of them
So pressure was created on India
Fake articles were planted, fake reports were generated to force India to implement hardcore ESG
Oxfam India Discrimination Reports (2022) was one of them
The report brought insights into discrimination faced by Scheduled Tribes/Castes, Muslims and women in employment, wages, agricultural credit markets, and inpatient healthcare including a dedicated chapter on the impact of the pandemic on social groups and minority communities
Now comes the Corporate Jihad
The companies that fully work in India, they just need to follow Indian ESGs
But those companies
Whose major business come from US and Europe
Which have global investors
Which use global logistic, shipping companies
They need to use Western ESG
The companies that fully work in India, they just need to follow Indian ESGs
But those companies
Whose major business come from US and Europe
Which have global investors
Which use global logistic, shipping companies
They need to use Western ESG
And here comes the entry of Corporate Jihad
Western concepts of white supremacy, racism, multiculturism converts into Corporate jihad in Indian version of American ESGs
ESG has nothing to do with Society. Its a Deep State conspiracy to use the same left toolkit in Corporates that they were using by their NGOs to dismantle existing societies and kill compitition
Trump banned DEI in USA in 2015
What should we do?
25/25
Western concepts of white supremacy, racism, multiculturism converts into Corporate jihad in Indian version of American ESGs
ESG has nothing to do with Society. Its a Deep State conspiracy to use the same left toolkit in Corporates that they were using by their NGOs to dismantle existing societies and kill compitition
Trump banned DEI in USA in 2015
What should we do?
25/25
• • •
Missing some Tweet in this thread? You can try to
force a refresh
