GOOD NEWS!! BLACKROCK BEING DOWNGRADED

ESG scores stands for Environmental, Social, and Governance score. Government, banks and businesses with this system will control the rewards and punishments for businesses, institutions and individuals on the basis of their economic and personal behavior.

Investors can research companies to find out how they score in terms of ESG criteria by using websites such as Sustainalytics, a division of Morningstar, which reports companies’ ESG rank and compares it to other companies in that industry. This basically means that those who control the system can if they don't like your company, find a little point where you deviate from their rules, and get all investors to pull out, bankrupting your company. This is a system of control very similar to the Chinese Social credit system.

LifeSiteNews, Oct 19, 202 - A major investment firm is seeing its stock value plummet after a slew of Republican-led states cut ties with it over its promotion of left-wing agenda items through divisive Environmental, Social, and Governance (ESG) scores.

The world’s top asset manager, BlackRock Inc. manages almost $10 trillion in investments and boasts such big-ticket holdings as Amazon, Apple, Microsoft, and Tesla, according to filings with the Securities and Exchange Commission (SEC).

Last week, UBS analyst Brennan Hawken downgraded the firm from “Buy” to “Neutral” due to its increasingly unpopular focus on pushing so-called Environmental, Social, and Governance (ESG) scores, according to a report from Barron’s, the Dow Jones & Company’s official financial news publication. “We are downgrading BLK to Neutral based on environmental pressure to earnings and risk from the firm’s ESG positioning,” Hawken said in the report, which flagged ESG as “increasingly risky.”

The burgeoning financial risk posed by politically unsavory ESG scores caused Hawken to cut BlackRock’s target stock price by $115 per share, from $700 to $585. The firm’s shares fell by 1% following the report, The Daily Wire noted.

BlackRock has actively endorsed ESG principles and promised to promote Diversity, Equity, and Inclusion by leveraging its “ESG-focused financial products.” The World Economic Forum is listed as one of BlackRock’s “key diversity partners.” Earlier this year, the firm announced it was launching an effort to help “streamline and standardize ESG data, reaching over 70,000 private companies.”

BlackRock CEO Larry Fink has previously shared his view on companies’ role in “forcing behaviors.” “You have to force behavior and if you don’t force behavior whether it’s gender or race or any way you want to say the composition of your team, you’re going to be impacted,” he said in 2017.

BlackRock’s down-ranking comes as numerous Republican-led states have publicly divested from the investment giant, which manages many state pension funds, over concerns regarding its left-wing corporate activism.

DESANTIS FLORIDA - In August, Florida Republican Gov. Ron DeSantis and the State Board of Administration (SBA) trustees passed a resolution directing that investment decisions regarding Florida’s pension funds exclude “social, political, or ideological interests”.

DeSantis blasted the use of “corporate power” to “impose an ideological agenda on the American people through the perversion of financial investment priorities under the euphemistic banners of environmental, social, and corporate governance and diversity, inclusion, and equity.”

The states of Texas, South Carolina, Louisiana, Missouri, all pull out their contracts of millions from the investment giant.

Lifesite News, Oct 19, 202 - [lifesitenews.com]