Posted by Sam Fenny - Memes and headline comments by David Icke Posted on 6 December 2023

A Short Guide to ESG: Goals

At this point, we should try to get a clear picture of what ESG advocates hope to achieve. But because there are so many different people in the ESG movement with differing priorities and values, it will be difficult to nail down any simple or universal goals. Still, we must do the best we can to understand where ESG advocates want to take us.

Environmental
While ESG advocates have a wide range of environmental goals, one goal dominates: combatting climate change. Well over half of the targets, disclosure requirements, regulations, and cost of the environmental piece of ESG comes from the goal of reducing greenhouse gas emissions. The problem of climate change dominates the environmental criteria because it is universal – everyone contributes, and everyone is affected – and because it more easily lends itself to metrics.

Global warming has the clearest and most universal goal: reduce greenhouse gas emissions. The quantity of reduction varies some by organization and industry, but every target involves one of these key metrics:

2030 – The Paris Agreement in 2015 set a fifteen-year benchmark. Given IPCC models and predictions, a variety of emissions reduction targets were set for 2030. The argument made by ESG advocates is twofold. First, it will be harder to slow or stop global warming the longer we wait to act. Second, the downside of global warming increases dramatically as the temperature rises. The 2023 Emissions Gap Report by the UN Environment Program, for example, claims that extreme weather events will happen more frequently the warmer the planet gets.

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2050 – This year has been set as a “realist” time frame for more aggressive targets for industries to reach net zero. It is a kind of compromise environmentalists have made with reality since it is blindingly obvious that net zero cannot be reached in most industries by 2030.
Net Neutral – As I mentioned in my piece about ESG Terms, net neutral refers to reducing or offsetting one’s greenhouse gas emissions entirely. Carbon offsets are critical for achieving this goal. Very few industries can reduce their emissions to zero or recapture the equivalent of their emissions output. The only way they will be able to achieve net zero is by funding (buying) carbon offsets from third-party implementers. This has already created a thriving cottage industry of climate mitigation firms.
1.5O Celsius – In 2015, scientists at the IPCC deemed this amount of warming manageable and potentially achievable. The most recent UN report suggests that it is no longer a feasible goal. In 2015, global emissions were projected to be 16 percent higher today. Instead, they are only 3 percent higher.

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