Over the past decade, many of the largest corporations in the United States have adopted overtly political causes, including positions on controversial social issues. In most cases, these corporate policies have favored left-wing ideological positions.
For example, in 2021 , massive companies such as American Airlines, Dell, and AT&T openly opposed state laws meant to limit election fraud, despite the fact that none of these laws had anything to do with planes, computers, or phones.
Earlier this year, Bud Light hired Dylan Mulvaney , a transgender social media influencer, to help promote its beer to a customer base that had little interest, to put it kindly, in LGBTQ activism.
One of the driving factors behind corporations’ decision to promote left-wing social justice causes is the rise of environmental, social, and governance metrics.
ESG is a kind of social credit scoring system. ESG models typically assign letter grades or numerical values to businesses based on their products, services, or governance practices. Higher-performing companies are usually those that adopt policies that progressives, liberals, and elites like, such as phasing out the use of fossil fuels.
ESG is now widely used by banks, Wall Street firms, insurance companies, and other powerful institutions to screen out disfavored businesses and reward companies that have fully embraced leftist ideals. Companies with good ESG scores are sometimes given lower interest rates in lending, better bond ratings, or other financial incentives to continue keeping their scores high.
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Justin Haskins is a New York Times bestselling author and political commentator, the president and founder of The Henry Dearborn Liberty Network, and the director of the Socialism Research Center at The Heartland Institute, a national free-market think tank. (His work here does not necessarily reflect the views of The Heartland Institute.) Follow him on Twitter @JustinTHaskins.