Syndicated radio host Dan Bongino called out a major financial advisory group for promoting Environmental, Social and Governance-related (ESG) investing after the group was confronted about it on national television.
During the March 21 edition of The Dan Bongino Show, Bongino went after the ESG-Obsessed Institutional Shareholder Services (ISS) for their apparent abuse of shareholder’s trust. Bongino highlighted a moment when CNBC’s Squawk Box co-host Andrew Ross Sorkin pressed ISS Head of Governance Lorraine Kelly on her agencies’ work using shareholders to push ESG. Bongino directly blamed ISS for making companies “go woke,” before identifying how this ESG racket operates.
“Do you want to see why we’ve been losing the culture wars and we’ve only recently turned it around?” Bongino said, before declaring that ISS and a similar group “basically control every public company.” Bongino ripped Kelly’s attempted denial before adding: “A lot of this DEI stuff is because these pensions that invest major money go to these two companies and they got to speak out against this stuff.”
According to The Wall Street Journal’s Editorial Board, ISS and Glass Lewis control a horrifying 97% “of the proxy advisory market.” The Editorial Board also provided evidence that this dominant market position translated into the power to control a substantial amount of shareholder votes. The editorial further demonstrated these entities’ support for environmentalism and “equity” at major companies.
Bongino similarly summed up how these agencies wield power through shareholders. “There are these agencies out there that proxy vote,” Bongino said. “The long story made really short is this: These two rating agencies influence U.S. corporate policy because a lot of people don’t have time if they invest in stock to go and vote for board members and stuff like that so they take the advice of these two agencies. A lot of what’s happening in America right now — in corporate America [and] this ESG/DEI crap — is because of these two agencies.”
Conservatives are under attack! Contact ABC News (818) 460-7477, CBS News (212) 975-3247 and NBC News (212) 664-6192 and demand they report on the dangers of ESG.