At a recent event in Columbia, I was shocked to hear several of our state’s top economic development recruiters touting our need to adopt Economic, Social and Governance (ESG) Scores in order for South Carolina to remain economically competitive as a state.
Recognizing something fundamentally flawed in this logic, I took to the floor of the South Carolina Senate to express the critical importance of our state taking steps to combat ESG Scores as a tool for economic development.
ESG Scores are nothing short of corporate “wokism” codified into corporate practice in an a blatant attempt to control the flow of capital and contracts based on an individual’s ideological beliefs. They’re currently used by over 80% of the large, multinational companies based in the United States, and governments are now getting involved to use pension plans, etc, to force people to bow to the altar of secular-socialism, or risk being economically alienated.
Thomas Jefferson once stated “I swear upon the altar of God eternal hostility against any form of tyranny over the mind of man.” I second Jefferson’s assertion and vow the same when it comes to ESG Scores.
We will fight to end this abhorrent practice in South Carolina so that no South Carolinian is forced to cower to corporate wokism to get a loan, do business, or enter into a government contract.
