INTERVIEW | ESG Is ‘Terrifying,’ ‘Problematic’ Concept in Investing. Author and Entrepreneur Vivek Ramaswamy Explains Why.
Conservatives have been sounding the alarm over the use of environmental, social, and governance policies as they relate to investments, particularly for private and public pension funds.
But, what exactly is ESG?
According to Vivek Ramaswamy, the co-founder of Strive Asset Management, "ESG refers to the use of dollars—including your dollars—to advance environmental or social goals, in addition to what they'll call governance goals, that are not implemented through public policymaking, through elections, or through democracy."
Rather, they "are implemented through the economy instead, largely by buying shares in companies and then forcing those companies to behave in a certain way. That's what it is," says Ramaswamy, author of "Woke, Inc.: Inside Corporate America's Social Justice Scam."
Ramaswamy joins "The Daily Signal Podcast" to discuss the impact of ESG policies, what he hopes to see policy-wise from a Republican-controlled House regarding ESG, and why ESG is such a terrifying and problematic prospect for American investors.
Disclaimer: Neither The Heritage Foundation nor The Daily Signal provides investment advice. All material in this interview is presented solely as educational information, not as an endorsement of Strive Asset Management. We recommend that you seek the advice of a financial adviser in connection with all investment matters. There are risks associated with any investment and past performance is not indicative of future results.
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