INTERIVEW | Consumers’ Research Head Breaks Down Dangers of ESG Policies in Investing

The Daily Signal

News, Daily News, Government, Politics

4.8 • 1.4K Ratings

🗓️ 19 July 2023

⏱️ 23 minutes

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Summary

Will Hild, executive director of Consumers’ Research, has a message for everyday Americans. “Here’s the only definition of ESG you really need to remember,” Hild says, talking about environmental, social, and governance standards. “ESG is when the financial services industry uses their market power to push through environmental and social policy that they could not get passed through the ballot box.” “So, take the E for example, that stands for environment. What that really means is pushing companies to hit net-zero carbon emissions by 2050,” Hild says. “S stands for social,” he adds. “What that really means is pushing companies to engage in LGBTQ propaganda, transgender ideology, pro-choice propaganda or policies at the corporate board level, or weighing into board makeup of companies in terms of setting racial and sexual quotas at the board level.” “And then, the G … stands for governance, and that’s really just the enforcement mechanism,” he adds. Consumers’ Research, a nonprofit founded in 1929, describes itself as “an independent educational 501(c)(3) nonprofit organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.” Hild joins today’s episode of “The Daily Signal Podcast” to discuss the long-term effects of ESG policies, his thoughts on House Republicans’ focus on the subject, and two types of legislation that have been passed on ESG at the state level. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You call up your state rep, your AG, your governor, even your treasurer, and your elected senators
0:05.5	and state level reps, and just tell them, I want something done about this.
0:08.7	I don't want my money used to, you know, heard my pocketbook, the issues I care about.
0:14.1	They will hear you...
0:15.1	This is the Daily Signal Podcast for Wednesday, July 19.
0:24.5	I'm Smitha Sharis, and that was Will Hild, Executive Director of Consumers Research.
0:30.6	Consumers Research, according to its website, has a mission to increase the knowledge
0:34.6	and understanding of issues, policies, products, and services of concern,
0:39.0	to consumers, and to promote the freedom to act on that knowledge and understanding.
0:44.1	Will joins today's show to discuss environmental, social, and governance,
0:48.4	or ESG policies, his thoughts on recent congressional hearings on the topic,
0:53.9	and anti-ESG legislation at the state level, in addition to much more.
0:59.0	But before we get to my conversation with Will, I want to tell you about a heritage
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