Provides excellent and detailed insight.  Video length 1 hour 26 minutes.  Stuff concerning Klaus Schwab starts about 50 minutes in.

 

"Fixler explains how she helped build the ESG and stakeholder capitalism framework from inside Wall Street before discovering it was being used to mislead investors, overcharge consumers, and rebrand powerful elites after the financial crash. Drawing on her time as Chief Sustainability Officer at Deutsche Bank’s trillion dollar asset manager, she reveals how ESG labels were slapped onto funds with no evidence, no data, and no accountability.
"She describes how ESG became mandatory through regulation, how net zero and DEI targets distorted corporate decision making, and why trillions were diverted into unprofitable green projects while energy prices soared. Fixler recounts blowing the whistle internally, being fired, smeared, and forced to rebuild her life from scratch before US and German authorities later confirmed widespread ESG fraud
"We discuss Klaus Schwab, the World Economic Forum, stakeholder capitalism versus shareholder capitalism, the role of consultants and regulators, and why Fixler believes ESG has undermined growth, trust, and democracy across the West."

 

Definitions:
ESG stands for Environmental, Social, and Governance, which refers to a set of standards used to measure a company's impact on society and the environment, as well as its governance practices.
DEI :  Diversity, Equity, and Inclusion programs are intended to address historical and systemic disparities based on race, gender, age, ability, and sexual orientation.

 

6 hours ago, ericbj said:

 

Provides excellent and detailed insight.  Video length 1 hour 26 minutes.  Stuff concerning Klaus Schwab starts about 50 minutes in.

 

"Fixler explains how she helped build the ESG and stakeholder capitalism framework from inside Wall Street before discovering it was being used to mislead investors, overcharge consumers, and rebrand powerful elites after the financial crash. Drawing on her time as Chief Sustainability Officer at Deutsche Bank’s trillion dollar asset manager, she reveals how ESG labels were slapped onto funds with no evidence, no data, and no accountability.
"She describes how ESG became mandatory through regulation, how net zero and DEI targets distorted corporate decision making, and why trillions were diverted into unprofitable green projects while energy prices soared. Fixler recounts blowing the whistle internally, being fired, smeared, and forced to rebuild her life from scratch before US and German authorities later confirmed widespread ESG fraud
"We discuss Klaus Schwab, the World Economic Forum, stakeholder capitalism versus shareholder capitalism, the role of consultants and regulators, and why Fixler believes ESG has undermined growth, trust, and democracy across the West."

 

Definitions:
ESG stands for Environmental, Social, and Governance, which refers to a set of standards used to measure a company's impact on society and the environment, as well as its governance practices.
DEI :  Diversity, Equity, and Inclusion programs are intended to address historical and systemic disparities based on race, gender, age, ability, and sexual orientation.

 

Funny. I just read an interveiw with Desiree Fixler in which she says the problem wasn't ESG per se, but rather that Deutsches Bank was  claiming that a lot of investments that were labeled by them ESG were nothing of the sort. That's the whistle she blew on them. Moreover, when asked about how she earns a living now, here is what she said:

"I get paid-for speeches, do some consulting work, I Chair Venture ESG (an NGO driving the adoption of ESG principles in the venture capital industry), I’m a member of the FCA’s ESG Advisory Committee, I’m a member of the CFA Institute’s ESG Committee, and I’m a member of the LSE Ventures Advisory Board."

https://www.forbes.com/sites/bobeccles/2023/01/17/a-whistleblowers-tale-as-told-by-desiree-fixler/

10 minutes ago, Alan Zweibel said:

. Moreover, when asked about how she earns a living now, here is what she said:

"I get paid-for speeches, do some consulting work, I Chair Venture ESG (an NGO driving the adoption of ESG principles in the venture capital industry), I’m a member of the FCA’s ESG Advisory Committee, I’m a member of the CFA Institute’s ESG Committee, and I’m a member of the LSE Ventures Advisory Board."

https://www.forbes.com/sites/bobeccles/2023/01/17/a-whistleblowers-tale-as-told-by-desiree-fixler/

Translation: Im a parasite

12 minutes ago, Yagoda said:

Translation: Im a parasite

Your english skills are as wobbly as ever. But you've missed the point. The OP claimed that this person was exposing that ESG was a conspiracy of sorts. Clearly that's not the case. Like lots of right wingers, he depends on dodgy videos for his information.

5 minutes ago, Alan Zweibel said:

Your english skills are as wobbly as ever. But you've missed the point. The OP claimed that this person was exposing that ESG was a conspiracy of sorts. Clearly that's not the case. Like lots of right wingers, he depends on dodgy videos for his information.

Translation: You were right again.

3 hours ago, Alan Zweibel said:

The OP claimed that this person was exposing that ESG was a conspiracy of sorts.

 

I did not claim that ESG was a conspiracy of sorts.

 

What I did was to make known the existence of a lengthy interview of someone who claimed to have been one of the early adopters, if not architects, of the ESG framework; and who went on to criticise how it had been fraudulently misused by the investment banks.

She also went on to criticise how the principle was developed to include such now largely discredited policies as the Green Revolution and Net Zero.  Perhaps attainable some day, but not with present day means and within the planned target dates.

 

What may be of particular interest - at least to those who follow the dialogue - is the way that governments, media, and academia supported the interests of the mega-financiers, at the ultimate expense of consumers and tax-payers.

 

And then one eventually comes to the question of that supposedly benign organisation, the World Economic Forum.  Which says that we (the plebs) shall own nothing.  Everything will belong to the plutocrats.  Some frankness !