Brad Alles

The World Economic Forum’s (WEF) Great Reset can be implemented through the use of ESG Standards. Environment, Social, and Governance (ESG) Standards are a different way to evaluate a business and investments. The focus is not on the quality of goods or services the business provides. Nor is the focus on turning a profit. That would be the “old” definition of shareholder capitalism, according to the WEF. Resetting capitalism to “stakeholder capitalism” requires companies showing a commitment to social justice and the environment. That is where ESG scores enter the picture. Businesses or investment opportunities are assigned a score in terms of their environmental impact. For example, what is the company’s carbon footprint or what is the size of its facilities ? Social scores revolve around “social justice” issues such as the percentage of employees sorted by age, gender, and ethnicity. Governance scores deal with issues such as pay structures within the company and how the corporation handles stakeholder interests. The overall ESG score for the institution can be high or low, and therefore rewarded with more investment dollars or punished by the withholding of investment funds. Read more at http://www3.weforum.org/docs/WEF_IBC_Measuring_Stakeholder_Capitalism_Report_2020.pdf