Corporate leaders are not bragging about their environmental wins or diversity hires with the same fervour they had a year ago. Some of this is due to pressure from the 23 US state Governors who are asking CEO’s sharp and pointy questions about anti-trust behaviour and fiduciary duty and campaigning on anti-Woke platforms. And some of this is due to the backlash against disastrous Bud-Light and Target campaigns.
Companies Quiet Diversity and Sustainability Talk Amid Culture War Boycotts
Mark Maurer, Wall Street Journal
Companies’ mentions of green and social initiatives during earnings calls have fallen off sharply in recent quarters, reversing a more boastful approach taken over the past few years amid intensifying pressure from some investors and conservative activists. Finance chiefs and other executives have significantly quieted down in public settings about their environmental and employee diversity efforts …
Charting the rise and fall of public “Woke” declarations in the corporate world.
Peak ESG may be behind us… WSJ
The backlash is coming from several angles — investors, conservative groups, political leaders.
It’s a good sign democracy and free markets are not dead yet. But these companies are probably pursuing quiet “Woke” agendas. After all, as long as the Big Money end of town is demanding progress reports during the ski weekends in Davos, many companies will continue to buy the wind and solar talismans to ward off the fury of the BlackRock and Net Zero Banker cabal.
It’s a win, the trainwreck is slower, but still in progress
In Australia, politicians stopped bragging about emissions trading schemes when Tony Abbott won in a landslide in 2013 with Axe the Carbon Tax. But two years later the party dumped Abbott and snuck in an emissions trading scheme anyway — they called it “The SafeGuard Mechanism” and hid their plans in the details. In that case, popping the public bragging bubble slowed the trainwreck by a decade.
We haven’t won until CEO’s can openly mock people who think eating crickets will change world temperatures.
Thanks to ClimateDepot