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[February 17, 2011] "Hanging out with the boys at the Bob." All were pro-amateur skateboarders. Over the past twelve years since this photo was taken, one became a loving and endearing missionary to the Thai people; one an accomplished artist in tiling, mosaics, painting, and leather work; and the last, my most special relationship, became my son-in-law and husband to my daughter, and father to my grandson. He took his passion for music and skateboarding and turned it into an industry for the Gen-YZ's of the world and then to everyone everywhere when building accessible, three-wheel recombinant trikes for recreational fun, the infirmed, the aged, and health. - res |
Eco-Civ Short #1/4
Building ecological societies one ESG element at a time. Integrating nature, people, and ethical policies of sustainability, green and blue infrastructures, technologies, and global interaction together in improving streams of biotic value, functional generation and societal equality.
R.E Slater
February 17, 2023
Eco-Civ Short #2/4
I speak to building processual "ecological societies" all the time. ESG is an approximation of this idea at this time... it brings a mixture of community-first eco-business with a high degree of competition utilizing biotic sustainability modeling in its business ethics. Which is why I include the Forbes, Fortune, and WSJ articles to FB every now and then re ESG along with my own articles on building process-relational societies (as versus "biblical" kingdom communities of oppression and domination).
Businesses will not be moving backwards into past non-ESG paradigms because ESG is much more than sustainability models now including green and blue community-based infrastructures, tech business integration, and community standards of equality.
Those businesses which cannot change their commercial and industrial modelling plans re environmental, societal and local policy impact, make for poorer investment models for investors wishing improvement across a wide scale of relief.
Hence, when businesses are being overlooked in outside funding it is because their older business models are not implementing themselves as environmental caretakers, employer-employee caretakers, or local societal policies of community caretake.
Such business models are no longer competitive and will show a poorer return on funds compared to those business competitors which have worked ESG into their programs for the good of the environment, society, and dealings with one another.
R.E Slater
February 17, 2023
Eco-Civ Short #3/4
Purposely misunderstanding ESG is no defense for taking right actions towards the environment, people, and ethics in government.
- EEEE - Refusing to stop polluting and toxifying biotic and human communities shows willful disregard to the welfare of a highly integrated community.
- SSSS - Refusing to consider employment conditions and welfare of your workers again promotes money over value.
- GGGG - And allowing corruption, lies, and false dealing between elected representatives and the public means removal from office (hopefully immediately re criminal prosecutiins).
In sum, THIS IS WHAT ESG MEANS... my word for ESG remains the same, socially responsible "ecological societies, communities, and global civilizations". We live in processual worlds where processual caretake must be a part of our investment into one another and the world at large.
EXCERPT from Wikipedia
- EEEEnvironmental aspect: Data is reported on climate change, greenhouse gas emissions, biodiversity loss, deforestation, pollution, energy efficiency and water management.
- SSSSocial aspect: Data is reported on employee safety and health, working conditions, diversity, equity, and inclusion, and conflicts and humanitarian crises, and is relevant in risk and return assessments directly through results in enhancing (or destroying) customer satisfaction and employee engagement.
- GGGGovernance aspect: Data is reported on corporate governance such as preventing bribery, corruption, Diversity of Board of Directors, executive compensation, cybersecurity and privacy practices, and management structure.
R.E Slater
February 17, 2023
Environmental, social, and corporate governance
Environmental, social, and corporate governance (ESG) is a framework designed to be embedded into an organization's strategy that considers the needs and ways in which to generate value for all of organizational stakeholders (such as employees, customers and suppliers and financiers).
ESG corporate reporting can be used by stakeholders to assess the material sustainability-related risks and opportunities relevant to an organization. Investors may also use ESG data beyond assessing material risks to the organization in their evaluation of enterprise value, specifically by designing models based on assumptions that the identification, assessment and management of sustainability-related risks and opportunities in respect to all organizational stakeholders leads to higher long-term risk-adjusted return.[1] Organizational stakeholders include but not limited to customers, suppliers, employees, leadership, and the environment.[2]
Since 2020, there has been accelerating pressure from the United Nations to overlay ESG data with the Sustainable Development Goals (SDGs), based on their work, which began in the 1980s.[3]
The term ESG was popularly used first in a 2004 report titled "Who Cares Wins", which was a joint initiative of financial institutions at the invitation of UN.[4] In less than 20 years, the ESG movement has grown from a corporate social responsibility initiative launched by the United Nations into a global phenomenon representing more than US$30 trillion in assets under management.[5] In the year 2019 alone, capital totaling US$17.67 billion flowed into ESG-linked products, an almost 525 percent increase from 2015, according to Morningstar, Inc.[6] Critics claim ESG linked-products have not had and are unlikely to have the intended impact of raising the cost of capital for polluting firms,[7] and have accused the movement of greenwashing.[8]
Dimensions
- Environmental aspect: Data is reported on climate change, greenhouse gas emissions, biodiversity loss, deforestation, pollution, energy efficiency and water management.
- Social aspect: Data is reported on employee safety and health, working conditions, diversity, equity, and inclusion, and conflicts and humanitarian crises,[9] and is relevant in risk and return assessments directly through results in enhancing (or destroying) customer satisfaction and employee engagement.
- Governance aspect: Data is reported on corporate governance such as preventing bribery, corruption, Diversity of Board of Directors, executive compensation, cybersecurity and privacy practices, and management structure.
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Eco-Civ Short #4/4
Ideological politics aside American business is committed to ESG as is global business. The wording, like CRT, is purposely misunderstood by MAGA-heads... but then again ideology serves no man or woman except those looking to gain power rather than doing right.
R.E Slater
February 17, 2023
EXCERPT
"Taking care of the communities you operate in helps ensure those communities will allow you to operate in the future. Recruiting and retaining a diverse workforce is essential to acquiring the best talent in a labor-constrained world. And focusing on how your company can meaningfully contribute to the climate transition is a way to create value in a business world that is clearly committed to that transition. In short, companies need to do a better job making it clear this is not about politics; it’s about good, long-term business."
Good morning.
Do deficits matter?
I have spent much of my career in the vicinity of that question, having covered U.S. fiscal policy as a cub reporter in the 1980s. That’s when supply-side Republicans dropped their concerns about deficits to push tax cuts as a counter to Democrats who had already abandoned deficit concerns to push spending increases. A stalwart but steadily shrinking group of people continued to beat the deficit drum, arguing deficit spending would “crowd out” private investment. But the new millennium obliterated that argument, too, by making capital plentiful and free. “Crowding out” went the way of the Walkman.
Well, suddenly, they’re back. Deficits, that is. I’m not sure the last time a deficit story led the New York Times, but yesterday morning, it did. The story quoted new Congressional Budget Office projections showing a combination of pandemic-era spending, aging boomers and rising interest rates would add $19 trillion to the U.S. national debt over the next decade—$3 trillion more than previously forecast. Total debt outstanding will equal the total economic output of the U.S. economy next year and reach 118% of GDP in 2033.
Meanwhile, “crowding out” has taken on new meaning. It’s not that deficits might crowd out private investment—the case for that remains weak, given inflation-adjusted interest rates that are still close to zero. Rather, the new numbers show that as nominal rates rise, servicing the debt will rise faster than tax income, eating up more and more of the federal budget, and leaving less money to address real needs.
So what’s to be done? With a vibrant economy and a functioning federal government, the problem is solvable. The Committee for Economic Development, which is part of The Conference Board, laid out a reasonable road map earlier this week, which you can explore here. (Full disclosure: My wife is president of CED.) But while the U.S. has a vibrant economy, it still lacks a functioning government. Deficit reduction involves shared sacrifice, and that has to be done on a bipartisan basis. Don’t hold your breath.
More news below. And don’t get too excited about the uptick in home prices at the start of this year. Fortune’s Lance Lambert says they are headed south again.
Alan Murray
alan.murray@fortune.com