Save My 401k: Stop Woke ESG Investing
Did you know your retirement and investment funds are being used to fund left-wing causes?
It’s true!
In recent years, corporations and investment companies have used Environmental, Social, and Governance (ESG) principles to guide investing. ESG principles can be commendable, such as when companies pledge to use products manufactured without using slave labor. Yet many ESG principles are misguided, like companies committing to unrealistic net-zero carbon emissions, or requiring employees to complete “anti-racism” training or diversity quotas on corporate boards.
Mostly, ESG principles are a way for businesses (big and small) to virtue-signal and promote left-wing, socialist, and even communist policies in order to stave off left-wing activists. This is making the world more politicized, dangerous, divisive, and far less free.
The investing public needs to know that their investments could be at stake! In financial terms, ESG investments aren’t as profitable as advertised. Harvard Business Review notes, “…ESG funds certainly perform poorly in financial terms.” And in a recent Journal of Finance paper, University of Chicago researchers found that the high sustainability funds did not outperform the lowest-rated funds.
In other words, this is costing you money and retirement security!
Vanguard, an investment firm founded by the late John Bogle (a Republican) in 1974, is now basing investments on the “E” (Environmental) in ESG, committing nine Vanguard funds that manage roughly $290 billion to companies that say they want to reach the completely make-belive net-zero goal by mid-century. Using hard-earned retirement funds to prop up more expensive and less reliable energy sources like wind and solar is not only harming investment returns, but also undercutting our energy grid and national security. Unfortunately, Vanguard’s CEO and chairman, Tim Buckley, said Vanguard “…will continue to thoughtfully expand our ESG lineup.”
It is becoming increasingly difficult for investors to protect their money as more and more companies choose to embrace ESG.
Urge Vanguard and CEO Tim Buckley to stop using ESG guidelines for investments!
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