INTERIVEW | Consumers’ Research Head Breaks Down Dangers of ESG Policies in Investing

Will Hild, executive director of Consumers’ Research, has a message for everyday Americans.

“Here’s the only definition of ESG you really need to remember,” Hild says, talking about environmental, social, and governance standards. “ESG is when the financial services industry uses their market power to push through environmental and social policy that they could not get passed through the ballot box.”

“So, take the E for example, that stands for environment. What that really means is pushing companies to hit net-zero carbon emissions by 2050,” Hild says.

“S stands for social,” he adds. “What that really means is pushing companies to engage in LGBTQ propaganda, transgender ideology, pro-choice propaganda or policies at the corporate board level, or weighing into board makeup of companies in terms of setting racial and sexual quotas at the board level.”

“And then, the G … stands for governance, and that’s really just the enforcement mechanism,” he adds.

Consumers’ Research, a nonprofit founded in 1929, describes itself as “an independent educational 501(c)(3) nonprofit organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.”

Hild joins today’s episode of “The Daily Signal Podcast” to discuss the long-term effects of ESG policies, his thoughts on House Republicans’ focus on the subject, and two types of legislation that have been passed on ESG at the state level.