Posted Jun 1, 2023 by Martin Armstrong
BlackRock and Vanguard own almost everything you see. BlackRock is responsible for creating the environmental, social, and governance (ESG) social credit score based on a company’s climate policies. The corporate equality index (CEI) is akin to the younger brother of the ESG score and dictates a company’s woke policies. BlackRock and Vanguard, World Economic Forum partners, support these social credit scores, and the companies in which they own a significant share are altering their policies to appease these titans.
BlackRock has been extremely vocal about the need for the ESG score. Republicans have condemned the ESG score for being a political tool. Blackrock CEO Laurence Fink penned a letter in January 2018 called “A Sense of Purpose” in which he decided that BlackRock needed to involve itself in social issues. Fink said the government fails to prepare for the future and “society increasingly is turning to the private sector and asking that companies respond to broader societal challenges.” He continued: “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”
“Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders. It will succumb to short-term pressures to distribute earnings, and, in the process, sacrifice investments in employee development, innovation, and capital expenditures that are necessary for long-term growth. It will remain exposed to activist campaigns that articulate a clearer goal, even if that goal serves only the shortest and narrowest of objectives. And ultimately, that company will provide subpar returns to the investors who depend on it to finance their retirement, home purchases, or higher education.”
Fink went on to say that BlackRock was willing to sell off assets of companies that fail to remain in “the relevant index.” “Companies must ask themselves: What role do we play in the community? How are we managing our impact on the environment? Are we working to create a diverse workforce?” Fink continued. As a World Economic Forum member, Fink is adhering to Agenda 2030 and the plans for the Great Reset. Instead of merely managing assets, those at the top attempting to restructure society.
It is common knowledge that BlackRock backs the climate change agenda and penalizes companies that fail to obey. However, not many realize that the asset manager is also responsible for the woke agenda. These companies are not trying to appease the LGBTQ+ community; they’re trying to appease BlackRock so that they can maintain high social credit scores and maintain funding.