Coalition of Franchisee Associations

May 4, 2022

The Disease Called ESG

While we often complain about someone or some entity being "Woke" there's a greater long-term danger out there for corporate America. That's "ESG" or Environmental, Social, and Governance. This is Wokeness on steroids and is a more formalized way for non-stakeholders to have a great influence on public companies. There will be no end to their efforts to reshape the corporate world to their personal liking.

For instance, the efforts of activist investor Carl Icahn to change the way McDonald's handles pork production has morphed into an effort to eventually remove animal protein from the McDonald's menu entirely.

In other words, McDonald's will be forced to replace animal protein with fake meat just because some people think it's better for the environment. That doesn't mean customers will buy the product.

Icahn Pushes McDonald's to Expand Meatless Options

McDonald's Chairman of the Board mentions ESG several times in his annual letter to shareholders. He also states that "climate change is one of the most pressing issues of our time". That give the environmental whackos a blank change to hassle McDonald's about an endless list of supposed sins.

What is ESG? - A course description

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Anonymous said...

Social Fascists at work ! RESIST at any cost!

Richard Adams said...

Exactly. And when the ESG types don't get their way they'll bring in the feds to enforce new rules. Your mention of fascism is appropriate because economically speaking fascist governments don't own the means of production, they control how these businesses function.
That's how Adolf Hitler was able to quickly build a huge war machine.

But then last week:

Anonymous said...

Well, the good news is that none of those jokesters are McDonalds customers anyway and can be safely ignored. Why doesn't corporate realize this? Nothing MCD does will get these people to walk into a store, ever.

Focus on our actual customers!

Anonymous said...

The elephant in the room is this- Every Operator will have his or her own ESG score. And if yours is bad, the banks wont lend you money!

Good Grief

Anonymous said...

Richard Adams said...

The above is worth a watch, only a couple of minutes.