Insight - Oct, 24th, 2022
Insight
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24-Oct-2022
Today on Insight, Josh Rosenstern discusses the ESG Movement. What does it stand for? Environmental, social, and governance; why is it important? Brother Josh says more and more large companies are making this a major driver in how they do business. These companies are being scored on how they subscribe to this ESG direction. In 2006, these criteria were established and a requirement was put forth for business to agree to follow certain tenants to follow this movement that fell under the Untied States Principles for responsible investments in various pensions and programs. These companies agreed to file on a regular basis as how they were subscribing to this plan. Initially, 63 investment companies signed up, accounting for 6.5 trillion in wealth; now that has inflated to account for 5,000 participants, which totals some 120-trillion dollars in assets that the companies have subscribed to under the movement. This redistribution of wealth and power is riding on the coattails of governing, the planet, people and prosperity with everything built on the foundation of the United Nation’s 2030 agenda for sustainable development.
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