ESG Now Funds 'Sustainable Genocide' with Corporate Ethics
The latest spin from the financial sector suggests Environmental, Social, and Governance (ESG) investing now includes the military-industrial complex. Companies like BAE Systems, lauded by fund managers for 'social responsibility,' conveniently profit from conflicts in which weapons are used. While pundits praise their 'governance,' they conveniently omit that BAE Systems sells weapons to regimes
implicated in war crimes, such as Saudi Arabia's war in Yemen, which caused a devastating humanitarian crisis. The New Arab notes how this conveniently rebrands destruction as 'sustainable.' So, as your pension fund divests from 'unethical' fossil fuels, one might wonder: how many ethical bombs does it take before 'Social' metrics include body counts? It seems 'Greenwashing' has now expanded to
include 'Blood Money Laundering,' all under the guise of responsible capitalism. The ethical calculus now includes how efficiently you can profit from human suffering.