I’ve posted this previously so won’t get into the weeds again.
Corporations need occasional infusions of capital. Some companies like Harley Davidson survive on lines of credit and loans. Many companies do. They pay out any revenue to shareholders and then roll the remainder into capital projects. They don’t put cash in a mattress for a rainy day.
So. When they need to borrow money if they do not have a sufficient ESG score they can not borrow the money period or if they can they pay a higher interest rate. The lower the ESG % score the higher the interest rate.
So many like Harley Davidson are hurting financially so it’s either go all in on the environment and DEI or go out of business.
This is all downstream of the Davos economic forum and equity groups like Black Rock. They are forcing their will on us thru the products and services we use.
A well-known quote from Larry Fink, CEO of BlackRock, regarding influencing companies is: "We are forcing behaviors," which refers to BlackRock's practice of using their significant investment power to pressure companies into adopting policies and practices aligned with their desired goals, such as environmental sustainability and diversity initiatives.
So when we boycott companies. We are shooting the hostage for the terrorist.