At the inaugural UPS Impact Summit, the shipping company announced they will invest $8.75 million in Atlanta companies in a pledge to advance “ESG [environmental, social and justice agenda], diversity, equity and economic empowerment.”
“UPS is a purpose-driven company. We move goods while also doing good — this is who we are in our hometown and in every community we serve,” UPS Chief Executive Officer Carol B. Tomé said. “I’m proud of our Foundation’s approach to driving social impact here in Atlanta and around the world.”
States across the country are preemptively banning Environmental, Social and Governance (ESG) scoring, which some say would lead to a massive consolidation of wealth among the most powerful investment companies in America.
“In an attempt to secure vast amounts of wealth and influence over society, corporations, bankers, and investors, working closely with key government officials, have launched a unified effort to impose environmental, social, and governance (ESG) standards on most of the industrialized global economy. (ESG standards are also referred to as ‘sustainable investment’ or ‘stakeholder capitalism.’),” Justin Haskins at The Heartland Institute said.