ESG Has Hit the Human Rights Iceberg

The Epoch Times

By: Keith Krach

Throughout my career, I often said “corporate responsibility is social responsibility.” Nothing exemplifies an attempt to make that a reality today as much as ESG, or “Environmental, Social, and Governance” criteria, that an increasing number of companies and corporations are signing up for.

Essentially, if a company signs up for ESG, it agrees to conduct itself in a way that respects the environment, contributes to local communities, and is honest and transparent in its financial practices. This enables conscientious investors to invest their money in companies that don’t violate their values and contribute to making the world a better place.

ESG began approximately fifteen years ago with companies operating by its standards collectively worth around $17 billion. Today, that number is nearly $20 trillion. The power of the ESG community cannot be underestimated.

But there’s a huge flaw in how ESG is currently structured, and I can sum it up in one word: China.

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Keith Krach Chairman and Co-Founder Krach Institute for Tech Diplomacy at Purdue

The key to securing freedom for the next generation is securing technology. Tomorrow’s tech must be trusted tech developed and protected by a Global Trust Network of like-minded countries, companies, and individuals who respect the rule of law, human rights, labor practices, national sovereignty, and the environment.