Glenn Beck Explains ESG Corporations Going WOKE
What are ESG scores and how are they being used by global organizations to manipulate our nation’s largest corporations?
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EXPLAINED: ESG scores are why EVERY corporation is going WOKE
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Mar 31, 2021
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Glenn Beck Explains ESG Corporations Going WOKE
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VIDEO TRANSCRIPT
00:00
we have justin haskins uh
00:03
on with us he is the editorial director
00:06
and research fellow
00:07
at the heartland institute he’s also a
00:09
researcher of mine and co-author of a
00:12
new book
00:13
that is taking us a little longer than
00:15
we expected because
00:16
the more we dig into it the more we find
00:20
uh and it is called the great reset
00:23
justin welcome to the program thanks for
00:26
having me glenn
00:27
it’s great to talk to you i asked pat to
00:30
come in
00:31
along with stu because they are more
00:34
we’re in the weeds and i’d like them
00:37
to be here and ask the questions that
00:40
the person who really doesn’t understand
00:42
what’s going
00:44
may be asking you just went in and you
00:47
opened a merrell lynch account
00:49
yesterday correct i did
00:52
i absolutely did yes and you’re going to
00:56
talk to us about
00:57
the scores that you found before we get
00:59
into it
01:00
i want to uh tease here just a bit and
01:03
then i want to talk to you about it
01:05
i got a bang i got a call from one of
01:07
the big five banks in america
01:09
uh and they
01:13
intimidated or intimated that they
01:15
wanted me
01:16
to make a correction uh on the show
01:19
when they left the message when i got
01:21
back to them
01:23
they didn’t want a correction in the
01:24
show they said everything that we said
01:26
that was accurate except that’s not what
01:29
they’re doing
01:30
and we said well help us out where do we
01:32
need to correct it
01:34
well no it’s it’s no we don’t need a
01:36
correction it’s
01:37
it’s not that there anything was said
01:39
that was wrong
01:40
it’s just not what we’re doing and i
01:43
want to go into that conversation with
01:45
you
01:46
in a in a little while but first take
01:49
the boys through esg
01:52
right so so the most important thing to
01:55
understand about
01:56
esg standards that’s esg environment
01:59
social and governance standards
02:02
is they are a metrics that you a metric
02:05
system that you build on top of
02:07
existing ways that you evaluate
02:10
companies so instead of just looking at
02:11
how much money a company makes instead
02:14
of looking at how good their products
02:15
and services are and customer
02:17
satisfaction and all of that you add on
02:19
top of it
02:20
all of this social justice woke stuff so
02:23
how green are you and uh you know how
02:26
many women do you have in management
02:28
and what’s the pay gap between the
02:30
highest paid person and
02:32
and uh the lowest pay person all these
02:34
kinds of things and then
02:36
you provide a numerical score based on
02:40
these things
02:40
it’s usually a numerical score sometimes
02:42
there are other ways of doing it but you
02:44
provide a score
02:45
and that allows you to evaluate
02:47
companies that maybe don’t make a whole
02:49
lot of money but they’re really woke
02:51
and that means more to us than just
02:54
being a company that
02:55
makes money and people actually like so
02:58
that’s what the esg system is designed
03:00
to do
03:01
it’s designed to provide you with a way
03:03
to see
03:04
how you know which companies are the
03:06
good companies and which companies are
03:07
the bad companies based on these social
03:09
justice
03:10
and environment metrics
03:12
[Music]
03:14
so take me to uh take me to
03:18
who is who is making these judgment
03:22
calls
03:23
what what is the agency that is saying
03:26
uh this is you know bad this is good
03:30
right so there are a whole bunch of
03:33
different
03:34
people out there they’re all pretty much
03:35
part of the same cabal that are doing
03:37
these different rating systems
03:39
the biggest one the one that i think is
03:41
going to become the prominent system is
03:43
is being produced by a group in the
03:46
world economic forum these are the big
03:48
great reset people it’s led this group
03:52
uh the international business council i
03:54
believe is the name of it is led by the
03:55
ceo of of bank of america brian moynihan
03:59
and they produced a report with the
04:01
world economic forum back in september
04:04
that created a an elaborate esg system
04:08
that they think
04:09
basically all of the major companies in
04:10
the world should adopt
04:12
and it includes i think 20 core metrics
04:16
and 30 expanded metrics
04:18
and in to give you some sense of like
04:21
what is in this
04:22
set of metrics in the social metrics
04:24
section one of them is
04:26
the percentage of employees per employee
04:29
category
04:30
by age group gender and other indicators
04:33
of diversity
04:34
the ratio of the basic salary and
04:37
remuneration for each employee category
04:39
by significant locations of
04:41
operation boy you gotta love how they
04:43
write this stuff
04:44
for priority areas of equality such as
04:47
men to women
04:48
minor to major ethnic groups and other
04:50
relevant equality areas
04:53
so in other words if you don’t have the
04:54
right ratio of asians to hispanics or
04:57
whatever
04:58
then that means you get a lower score
05:00
and there’s a whole bunch of these
05:02
things i mean there’s dozens and dozens
05:03
and dozens of these metrics
05:05
and they can essentially be whatever the
05:07
heck they want them to be they can
05:08
change them at any given time
05:10
and all cover the union cover cover the
05:12
union one
05:14
sure uh one of the social metrics is the
05:17
percentage of active workforce
05:20
covered under collective bargaining
05:22
agreements
05:23
so that’s just another way of saying the
05:24
percentage of your employees
05:26
who are in a union in effect so if you
05:29
don’t have a lot of union employees
05:31
proportional to the size of your
05:32
business then you’re not going to get a
05:34
high esg score
05:36
and the the whole reason that these
05:38
companies are doing this
05:40
well there’s two reasons i think the
05:42
first is they see that this is the way
05:44
the world is moving and they know that
05:46
governments are going to start
05:47
requiring these esg scores and there’s
05:50
been all sorts of regulatory movements
05:52
over the past
05:53
couple of years suggesting that that’s
05:54
going on including very recently
05:56
at the sec but the other thing is that
05:58
there’s tons and tons of money already
06:01
behind it
06:02
the estimates range from 30 trillion
06:04
dollars all the way up to over a hundred
06:07
trillion dollars depending on the group
06:08
you’re looking at
06:09
of governments and investors who are
06:11
saying we are only going to invest in
06:13
these kinds of companies
06:15
and so with all of that money floating
06:16
around if you’re a business
06:18
why the heck would you try to compete
06:20
with people to have the best product and
06:22
service when you can just be woke
06:24
and get all of this money flowing into
06:25
your coffers that way
06:27
and that’s what makes this so dangerous
06:29
so recently we’ve heard all kinds of
06:31
things about what coke is doing
06:32
to be woke to be diverse uh
06:36
and now this seems to explain all that
06:39
right this is
06:39
this must be what is behind uh coke’s
06:42
motivation to be
06:44
uh requiring the race quotas in their
06:48
leadership and all of those kinds of
06:49
things
06:50
that’s exactly right yeah coke actually
06:52
in its annual report
06:54
talks about its esg scores coke has a
06:56
whole system of esg scores and esg
06:59
auditing they actually have people
07:00
working at coke that make sure that
07:02
that they’re following these esg scores
07:04
so that they get a really good score by
07:06
these different rating
07:07
agencies and how exactly
07:10
does the esg score help them i mean who
07:14
is looking at these scores and
07:16
is it who who is
07:19
like behind this then why do they care
07:21
about their esg score
07:24
right well it started this whole idea i
07:28
think
07:28
started and there’s some dispute as to
07:30
when this began but
07:32
i think it started out of the united
07:34
nations
07:35
sometime between 2000 and 2010
07:38
this idea and the idea was how do we get
07:40
businesses
07:41
to go along with our agenda if we can’t
07:43
get governments to impose our agenda
07:46
and the whole idea behind the esg system
07:49
is that they want to take the
07:50
sustainable development goals from the
07:52
united nations that’s like
07:53
agenda 21 agenda 2030 all that stuff
07:57
and they want to figure out a way to get
07:58
that into the bloodstream of
08:00
the corporate universe and the way that
08:03
they figured that they could do this
08:05
is by getting investors and central
08:08
banks
08:09
and the imf and world bank and
08:12
united nations and all these people to
08:14
get behind this and say we’re only going
08:16
to support you
08:18
big corporation if you agree to follow
08:21
through with these esg standards and to
08:23
adopt these things and to live by it
08:25
and if you do then essentially we’re
08:27
going to take care of you we’re going to
08:29
make sure the money keeps flowing in
08:30
your direction
08:32
and that’s exactly what’s happened and
08:34
they’ve actually been building this
08:35
whole esg infrastructure behind the
08:37
scenes
08:38
no one’s noticed it really over the past
08:41
10 years or so to the point where all of
08:44
the major corporations that you can
08:45
think of
08:46
for the most part already have this
08:48
system in place it’s already there
08:50
so we just didn’t before i go to a break
08:53
let me just
08:55
see if all of these fit into this
08:57
category let me give you some stories
08:58
that have broken in the last couple of
09:00
days
09:01
gofundme yanks page run
09:04
by virginia parents fighting woke
09:07
curriculum
09:08
so gofundme saw this fundraiser for
09:11
these parents and they’re like we need
09:12
your help to fight
09:14
this critical race theory in our schools
09:17
go fund me
09:18
yanked it is that just their opinion or
09:21
is it possible that this is all about
09:25
uh esgs i think that
09:28
virtually every decision that big
09:31
corporations are making today
09:33
is related to esg’s esgs including that
09:37
example that you just gave i think
09:38
they’re all related to esg standards
09:41
uh corp home depot co-sponsored a
09:44
website
09:46
citing the southern poverty law center
09:48
and the 1690
09:50
project so they’re putting out they’re
09:53
putting
09:54
helping fund the poison of the 1619
09:57
project woke or esg
10:02
without question esg
10:05
uh let me give you um
10:08
let me give you this one uh president
10:12
uh biden says the private sector
10:16
should lead on vaccine passports
10:22
yeah i mean that’s a huge that’s a huge
10:24
topic
10:25
amongst all of the great reset people
10:27
who are deeply involved in this
10:30
they absolutely have been they’ve been
10:31
pushing for that since the beginning of
10:33
the pandemic
10:35
um so this is a world uh
10:39
organization or the global the world
10:41
economic forum
10:42
that has wanted these kinds of things
10:45
that biden
10:46
is saying to libertarians delight
10:50
the government shouldn’t do this but
10:52
they don’t libertarians don’t understand
10:54
this is part of a much bigger government
10:57
that is coming
11:00
yes that’s exactly right and joe biden
11:02
has been involved with these people
11:04
for many many years he’s a big supporter
11:07
of this entire system that’s called
11:09
stakeholder capitalism is another way
11:11
that they
11:12
they reference this uh the head of the
11:14
world economic forum the most visible
11:17
uh vocal supporter of the great reset
11:20
internationally a guy named klaus schwab
11:22
when joe biden created the biden
11:25
institute which i know you all are very
11:27
familiar
11:28
with at the university of delaware
11:32
that he brought in klaus schwab because
11:34
he he wanted to figure out how he could
11:37
make that the world economic forum
11:39
of the united states and there’s all
11:42
sorts of articles about that online that
11:43
you can find so
11:44
joe biden uh john kerry openly says that
11:48
he supports the great reset that joe
11:49
biden supports the great reset john
11:51
kerry has made comments to that effect
11:52
within the past few months
11:54
and he’s also said at a world economic
11:57
forum meeting this is john kerry
11:59
said that under joe biden the great
12:02
reset meaning all of this stuff
12:04
uh with esg standards and printing of
12:06
money and all of this that goes into it
12:08
is going to happen and that it’s going
12:10
to happen with greater intensity and
12:13
faster than most people realize
12:15
and so this is all right everything
12:16
we’re seeing over the past few months
12:18
is was was all in the works for a very
12:22
long time and it’s not surprising at all