What Is Your ESG Credit Score?

 

Major banks are rolling out a new platform and their lending practices will be driven by your ESG score. ESG stands for your Environmental, Social, and Governance. What, you ask, does that mean? What you buy and sell, what charities you support, and your environmental impact are being tracked and translated into a score. I don’t know who the scorekeepers are, but Glenn Beck’s guest had a friend who checked his Merrill Lynch account, and he was quickly educated.He had a low score of 4.7 and didn’t understand how they arrived at that number.

No, this isn’t China, this is now being implemented here in the US, and it will affect whether you qualify for a car loan, a home loan, a business loan, or if you are a good credit risk if you are applying for other things, like a job. Did you buy a gun for example, or give to a particular political party candidate, or do you purchase meat? What kind of car do you drive, and how often do you drive it? Not kidding – this will have an impact on your freedom in the new world that is unfolding. A story in Forbes from 2019 explains it.

Money lenders are grading you by this new system because they are now being graded by the new system. Every company will be graded on their hiring practices and how many minorities and even diverse genders are hired, what their social and environmental footprint is, and they must prove it, as their scorecard will impact their ability to do business in the new world system. Their ideology is also being incorporated into education. From the World Economic Forum’s “The Great Reset,” being implemented into every sector, corner, and cell of our lives, these are the new rules.

They are handing these new systems down to every government on earth. It sounds nuts because it is – the Green New Deal on steroids. No one elected these people or voted on these new systems that will have a direct impact on all of us, but it’s been in the pipeline for years, and we now have the systems in place to support it, like 5G, the social platforms and Big Tech.

What can we do to ensure our rights in a free society under these new rules (and there are more coming) and have you seen things change in your life? My car insurance company offered significant savings if I downloaded an app that would track my driving habits, not just my driving record, but when I drove at night or just during the day and at what hours), how far, how fast, how often I brake; it was very invasive. This is the definition of smart cars, smart cities – the wave of the future that sounds so utopian, modern, and convenient. This isn’t the stuff of science fiction or conspiracy talk. Go on the WEF site and read the circles within circles – between the lines. Every sector will transform the way we live and we are being conditioned to accept it willingly.

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  1. Stina Member
    Stina
    @CM

    Well I just bought my last house for life. But my kids are screwed.

    • #1
  2. JustmeinAZ Member
    JustmeinAZ
    @JustmeinAZ

    I guess it’s a good thing I don’t need to borrow any money.

    • #2
  3. Hang On Member
    Hang On
    @HangOn

    What makes you think American banks aren’t Chinese?

    • #3
  4. JennaStocker Member
    JennaStocker
    @JennaStocker

    Taking lessons from China – but surely being free of committing genocide must boost my number somewhat, right?

    Ugh. I don’t like this Brave New World.

    • #4
  5. The Reticulator Member
    The Reticulator
    @TheReticulator

    Considering all the factors that are illegal to take into account when evaluating creditworthiness, pricing insurance, or hiring, it ought to be possible to shoot this one down

    • #5
  6. RushBabe49 Thatcher
    RushBabe49
    @RushBabe49

    Will my local credit union care?  I doubt it. My ESG score would be zero. I own a gun, have no debt including mortgage. Retired. Also I drive a 19mpg SUV which I intend to keep for a long time, and I eat meat a lot.  Maybe my score would be negative.

    • #6
  7. Ekosj Member
    Ekosj
    @Ekosj

    The Reticulator (View Comment):

    Considering all the factors that are illegal to take into account when evaluating creditworthiness, pricing insurance, or hiring, it ought to be possible to shoot this one down

    Much as I’d like to believe that, I’m afraid that just might be whistling past the graveyard.   It already IS happening.   Banks already are declining to deal with firms that are engaged in politically unpopular, but perfectly legal business.  Example – in 2019 BofA announced it would no longer do business with firms involved in building and running immigration detention facilities.

    https://wgntv.com/news/bank-of-america-will-no-longer-do-business-with-companies-that-run-detention-centers/

    And BofA (again) ended a 12 year relationship with McMillain  (manufacturer of firearms and fibreglass stocks) specifically because of their firearms business.

    https://www.ammoland.com/2012/04/bank-of-america-refusing-businesses-that-support-the-2nd-amendment/

    Deutsche Bank ended its relationship with Trump.   Stripe Center the Trump campaign access to its payment processing system.   It will only accelerate as the banks SJW ‘stakeholders’ make more demands.

    • #7
  8. Ekosj Member
    Ekosj
    @Ekosj

    RushBabe49 (View Comment):

    Will my local credit union care? I doubt it. My ESG score would be zero. I own a gun, have no debt including mortgage. Retired. Also I drive a 19mpg SUV which I intend to keep for a long time.

    They might not, but what about their correspondent bank?  Think they clear their own checks?   Probably not.  What happens when the large third party check clearing firms decline to do business with the credit union unless they show evidence that they are ESG compliant?     What about your credit card companies?   Utilities providers?

    • #8
  9. Stina Member
    Stina
    @CM

    Ekosj (View Comment):

    The Reticulator (View Comment):

    Considering all the factors that are illegal to take into account when evaluating creditworthiness, pricing insurance, or hiring, it ought to be possible to shoot this one down

    Much as I’d like to believe that, I’m afraid that just might be whistling past the graveyard. It already IS happening. Banks already are declining to deal with firms that are engaged in politically unpopular, but perfectly legal business. Example – in 2019 BofA announced it would no longer do business with firms involved in building and running immigration detention facilities.

    https://wgntv.com/news/bank-of-america-will-no-longer-do-business-with-companies-that-run-detention-centers/

    And BofA (again) ended a 12 year relationship with McMillain (manufacturer of firearms and fibreglass stocks) specifically because of their firearms business.

    https://www.ammoland.com/2012/04/bank-of-america-refusing-businesses-that-support-the-2nd-amendment/

    Deutsche Bank ended its relationship with Trump. Stripe Center the Trump campaign access to its payment processing system. It will only accelerate as the banks SJW ‘stakeholders’ make more demands.

    The utter entwining of banking with government is why I think secession or civil war is inevitable at this point.

    To start a bank is nigh impossible. All of the infrastructure owned by the central economy and government is going to destroy us.

    I keep challenging my husband on what is necessary and what ground is worth fighting for. It’s becoming a stark reality, if not to touch us centrally, will our own kids. I’m frustrated that he hasn’t seen this trajectory earlier. Now, I fear it’s too late to buy land and make ourselves more self sufficient.

    • #9
  10. The Reticulator Member
    The Reticulator
    @TheReticulator

    Stina (View Comment):
    The utter entwining of banking with government is why I think secession or civil war is inevitable at this point.

    There is a reason that one of the first things totalitarians do is take over the banking system. 

    • #10
  11. Stad Coolidge
    Stad
    @Stad

    On Bridget Phetasy’s latest podcast, she interviews a porn actress.  Near the end of the podcast, the woman goes into great detail about how Mastercard and Visa control the pay-for content on her web site.  Her point was if the two card companies can tell her what they will or will not let customers buy, the same could be done with guns and ammunition.  The ESG policy is already what the Chicoms do to their citizens, and I’m angered the Democrats want to do that here, even through “private” companies . . .

    • #11
  12. Kozak Member
    Kozak
    @Kozak

    These scores will affect your credit, your hiring, your ability to travel, ability to rent, pretty much every facet of your life.

    Time for a Revolution.

    • #12
  13. Roderic Reagan
    Roderic
    @rhfabian

    WTH is this?  An April Fools gag?

    • #13
  14. Eeyore Member
    Eeyore
    @Eeyore

    Kozak (View Comment):

    These scores will affect your credit, your hiring, your ability to travel, ability to rent, pretty much every facet of your life.

    “Why aren’t the OR doors opening?”

    “Sorry, Doc, it looks like your ESG score dropped below the level acceptable to ‘provide sound patient care’.”

    • #14
  15. Skyler Coolidge
    Skyler
    @Skyler

    Are you fricking kidding me?  This has to be fake.  There is no way Americans would tolerate this even as a suggestion, let alone go into practice after a year of warning.  

    If this is real, then there is no hope for our country, and we are the last hope for the world.  This signals the end of the American Experiment and the world will return to tyranny and despotism as the norm.

    • #15
  16. Front Seat Cat Member
    Front Seat Cat
    @FrontSeatCat

    Skyler (View Comment):

    Are you fricking kidding me? This has to be fake. There is no way Americans would tolerate this even as a suggestion, let alone go into practice after a year of warning.

    If this is real, then there is no hope for our country, and we are the last hope for the world. This signals the end of the American Experiment and the world will return to tyranny and despotism as the norm.

    That was my response too – it’s overwhelming. I think back what it must of been like for our Founders, the writers of Our US Constitution, The Bill of Rights – the Declaration of Independence. They wrestled with each other to get it right because they knew tyranny. They escaped tyranny, and it’s on our doorstep. They stood their ground – our country has seen many battles here and on foreign soil, and those documents – the Truth that is self-evident – is it was worth fighting for? 

    They’re trying to erase history and shame the very foundation of our country, change the language, censor everything, and pull down statues for a reason,  The Founders and their wisdom, that’s where our answers are. 

    • #16
  17. Skyler Coolidge
    Skyler
    @Skyler

    Front Seat Cat (View Comment):
    They wrestled with each other to get it right because they knew tyranny. They escaped tyranny,

    The truth is that the the “tyranny” that sparked our revolution was minuscule compared to what we live through nowadays.  And it was bad.  They couldn’t have imagined the type of complete control that communists routinely require.

    • #17
  18. Skyler Coolidge
    Skyler
    @Skyler

    When they wanted to regulate banks, to save us from fears of economic ruin, we said if you give the government control of the banks then they will someday forbid lending money to political opponents and keep track of everyone’s political activities to discourage political opposition by making it impossible for political opponents to borrow money.  And they mocked us and told us we were over reacting, that could never happen.

    • #18
  19. The Reticulator Member
    The Reticulator
    @TheReticulator

    Skyler (View Comment):

    When they wanted to regulate banks, to save us from fears of economic ruin, we said if you give the government control of the banks then they will someday forbid lending money to political opponents and keep track of everyone’s political activities to discourage political opposition by making it impossible for political opponents to borrow money. And they mocked us and told us we were over reacting, that could never happen.

    A saying I’ve been using since long before Ricochet came along: “First they deny it, then they brag about it.”  I wish I could think of a less awkward way to say it, but it’s been at least 25 years since I started and haven’t come up with anything better yet. 

    • #19
  20. Hoyacon Member
    Hoyacon
    @Hoyacon

    Looks like it’s almost time to be inundated with commercials for FreeESG Score dot com.

    • #20
  21. Eeyore Member
    Eeyore
    @Eeyore

    Hoyacon (View Comment):

    Looks like it’s almost time to be inundated with commercials for FreeESG Score dot com.

    “With ScoreRepair for ESG, for as little as $500 per month, you can improve you Score to a point you will again be permitted many Level 1 activities such as employment and speaking in public…”

    • #21
  22. Full Size Tabby Member
    Full Size Tabby
    @FullSizeTabby

    If I understand correctly from an article in the Wall Street Journal, the European Union bureaucracy is driving some of this. Because financial institutions and investment funds try to be “global,” they believe they must bend to the EU rules. 

    • #22
  23. Skyler Coolidge
    Skyler
    @Skyler

    Full Size Tabby (View Comment):

    If I understand correctly from an article in the Wall Street Journal, the European Union bureaucracy is driving some of this. Because financial institutions and investment funds try to be “global,” they believe they must bend to the EU rules.

    Yes, the internet and global commerce necessarily will result in a return to society’s normal mode prior to the rise of the United States and government by the people.

    • #23
  24. RushBabe49 Thatcher
    RushBabe49
    @RushBabe49

    Eeyore (View Comment):

    Hoyacon (View Comment):

    Looks like it’s almost time to be inundated with commercials for FreeESG Score dot com.

    “With ScoreRepair for ESG, for as little as $500 per month, you can improve you Score to a point you will again be permitted many Level 1 activities such as employment and speaking in public…”

    As my dad used to say, “find a niche and fill it”.  This looks like an excellent niche.  Today, many “credit repair” businesses exist, and many are just short of a scam.

    • #24
  25. Front Seat Cat Member
    Front Seat Cat
    @FrontSeatCat

    Skyler (View Comment):

    Full Size Tabby (View Comment):

    If I understand correctly from an article in the Wall Street Journal, the European Union bureaucracy is driving some of this. Because financial institutions and investment funds try to be “global,” they believe they must bend to the EU rules.

    Yes, the internet and global commerce necessarily will result in a return to society’s normal mode prior to the rise of the United States and government by the people.

    Funny you mentioned commerce, because while they’re at it, why not go for the jugular and start the digital currency:

    https://finance.yahoo.com/news/federal-digital-dollar-momentum-worries-060000433.html?guccounter=1&guce_referrer=aHR0cHM6Ly93YXRjaC5vcmcv&guce_referrer_sig=AQAAANtmYmypnqhKHYWNCGtH6s0RnuLwMa6kvGMc7jkhzLETFp9uppvIMtLffM89TOjn5lfxwA9qsLR00roLopcjc5qkL0WM7eQhJpzSU2khbDx1d9y1PWROsUnDi1uw8-pft9GxPSwsQ9mpKnIs8887pk6dXJ5sXme4tRFNYESd4cO-

    This forces people who want to keep their finances and transactions personal to use particular apps and digital platforms to do transactions or buy and sell. They could track your purchases, payments and financial status easier – and that in turn, would go to your ESC score.  I for one, don’t want anyone having that much control over my finances, and what about cyber-security, a major issue they can’t seem to solve?

    • #25
  26. Stad Coolidge
    Stad
    @Stad

    Another mechanism that would work well with ESG is getting rid of paper and coin money.  Imagine only having debit and credit cards, and a computerized system that could keep you from buying particular item, even food if you aren’t “woke” enough.

    And just think of the black market that will spring up . . .

    • #26
  27. Full Size Tabby Member
    Full Size Tabby
    @FullSizeTabby

    Stad (View Comment):

    Another mechanism that would work well with ESG is getting rid of paper and coin money. Imagine only having debit and credit cards, and a computerized system that could keep you from buying particular item, even food if you aren’t “woke” enough.

    And just think of the black market that will spring up . . .

    I still find it fascinating that despite all the fear that Donald Trump was a “fascist,” and the pervasiveness of “white supremacy,” there never seems to be any concern that blacks, Asians, immigrants, leftists, LGBTetc., and others might be prevented from doing business based on their MAGA or white supremacist score. 

    • #27
  28. Clifford A. Brown Contributor
    Clifford A. Brown
    @CliffordBrown

    I’m not so sure about this. The ESG score is on companies, and so can be aggregated into an ESG score on your investment portfolio. Hence the score on a Merrill Lynch account. That has nothing to do with your ability as an individual to buy, sell, or borrow. I found no publications indicating extension of this scoring system to individuals. Even searching the Heartland Institute, the source of the Glenn Beck segment, yields posts about ESG as a control tool exercised through coercion of corporations.

    • #28
  29. CarolJoy, Not So Easy To Kill Coolidge
    CarolJoy, Not So Easy To Kill
    @CarolJoy

    Skyler (View Comment):

    Are you fricking kidding me? This has to be fake. There is no way Americans would tolerate this even as a suggestion, let alone go into practice after a year of warning.

    If this is real, then there is no hope for our country, and we are the last hope for the world. This signals the end of the American Experiment and the world will return to tyranny and despotism as the norm.

    Uh, please refer to “American Citizens, March 13 2020 to March 31st 2030: This was a time period when due to an exaggerated fear that a virus with a 99.047% survival rate for people under the age of 60 willingly stayed inside their homes, lost their businesses, watched as their children and neighbors killed themselves due to despondency, and wore masks when outside, even if the individual was engaged in jogging or biking and was the only human within two miles.”

    • #29
  30. Stina Member
    Stina
    @CM

    Clifford A. Brown (View Comment):

    I’m not so sure about this. The ESG score is on companies, and so can be aggregated into an ESG score on your investment portfolio. Hence the score on a Merrill Lynch account. That has nothing to do with your ability as an individual to buy, sell, or borrow. I found no publications indicating extension of this scoring system to individuals. Even searching the Heartland Institute, the source of the Glenn Beck segment, yields posts about ESG as a control tool exercised through coercion of corporations.

    That seems to make it less critical, but it is a veritable guarantee that charities we favor and policies we prefer and politicians we promote will be far less successful in the future if corporations and businesses are going to suffer financially for supporting them.

    • #30