So it used to be that your ability to borrow money was based on you record of paying money back on time (plus some voodoo). Many institutions are now using ESG scores, which they describe as
I'm sure that having one's access to credit depend on how closely one adheres to progressive policies is not going to end badly.
Environmental, Social, and Corporate Governance (ESG) data refers to metrics related to intangible assets within the enterprise, a form of corporate social credit score. Research shows that intangible assets comprise an increasing percentage of future enterprise value.[1][2] While there are many ways to think of intangible asset metrics, these three central factors together, ESG, comprise a label that has been adopted throughout the United States financial industry. They are used for a myriad of specific purposes with the ultimate objective of measuring elements related to sustainability and societal impact of a company or business.[3]
I'm sure that having one's access to credit depend on how closely one adheres to progressive policies is not going to end badly.
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