Hunga Tonga

Apple's Woes in China Expose the Hypocrisy of ESG as a Risk Assessment Tool says Friends of Science Society

Retrieved on: 
Thursday, December 1, 2022

CALGARY, Alberta, Dec. 1, 2022 /PRNewswire-PRWeb/ -- (Calgary, Alberta) Parts of China have been rocked by vehement protests in recent days, specifically at the Apple contractor Foxconn complex, as reported by CNN, Nov. 24, 2022, the details of which expose the hypocrisy of "ESG" reporting and corporate evaluation, says Friends of Science Society.

Key Points: 
  • As protests erupt at Apple's Foxconn production facility in China, the hypocrisy of 'environment, social, governance' (ESG) accounting is exposed, says Friends of Science Society.
  • "The current defense du jour of ESG is that it's not a politicized investment strategy but, rather, a simple risk-assessment tool.
  • The UN HLEG "Integrity Matters" report, proposing dictatorial mandatory NetZero reporting poses a risk to society , says Friends of Science.
  • Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 20th year of offering climate science insights.