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In many cases, people are generally unaware that they even have an ESG score unless they happen to come across it in the process of doing something totally unrelated.
A few different things will determine your personal ESG score, many of which can be discovered via your regular credit report and other public records. Your purchase history and also your sales history will have a dramatic effect on your ESG rating as a person.
there will come a time where too low of a score can result in denials for loans or services similar to the way credit scores currently function.
The charities that you support will also increase or even decrease your ESG score. The platform will track your personal impact in the environment around you through various means, which will also be used to calculate your individual ESG score.
The purpose behind each person being assigned an individual ESG score is to help reward actions that will help move the world towards sustainability.
For those who have already started using ESG scores as part of their business model, some people with good scores may notice lucrative offers, easier loan terms, and even targeted packages designed to reward green or sustainable behaviors.
After segmenting each section, a value will then be assigned to each. Some areas have a heavier weight than others. For example, if you invest in green programs and also avoid eating meat, it will have a heavier weight than your use of electricity in your home daily.
Buying a gun, alcohol, or even clothing will all affect your overall ESG score. Not only will your purchases matter, but who you purchase from and how they do business.
Your political affiliations also factor into your personal ESG score. Aside from the politics in governance, the party you support and even the person you vote for will make your score go up or down based on that person’s actions, policies, and voting habits.
The type of car you drive, how often, and even how many people are in the car when you drive will also come into play when deciding your score.
Unlike credit scores with a clear method of tabulation, cause, and effect, ESG scores depend on a wide variety of factors that most people have yet to consider.
originally posted by: ancientlight
I can't even look at that site, nauseating
originally posted by: infolurker
originally posted by: ancientlight
I can't even look at that site, nauseating
I do not understand how this system can be legal, it is a total violation of the constitution. I guess this is what the WEF means by there will be no right to privacy. Notice that they even mention WHO you vote for as they plan to know that for the calculations as well.
originally posted by: lordcomac
Social
Credit
Score
It's been obvious for years they were trying to make it a reality
It's already live in China, and Canada is practically jerking off into Chinese socks to get it implemented there.
originally posted by: lordcomac
Social
Credit
Score
It's been obvious for years they were trying to make it a reality
It's already live in China, and Canada is practically jerking off into Chinese socks to get it implemented there.
originally posted by: rickymouse
I thought the ESG score had something to do with businesses. Did they expand it now to regular people?
I thought the social credit score had different initials assigned to it.
originally posted by: lordcomac
Social
Credit
Score
It's been obvious for years they were trying to make it a reality
It's already live in China, and Canada is practically jerking off into Chinese socks to get it implemented there.
Merrill Lynch, in partnership with MSCI, added a new feature in 2021 that assigns customers personal ESG scores based on their investment portfolios. And a FICO analyst predicted that ESG data would be used in more "granular lending and investment decisions."
"One example would be the inclusion of property energy ratings data in mortgage valuation and decisioning
"If you want to transform society through a social credit scoring system, you can do a lot of that through corporations and banks and financial institutions and Wall Street, but at some point, you probably are going to have to apply that to individuals as well," Haskins told Fox News.
"The average American has no power to force these companies to stop doing this," Haskins added. "You're going to be impacted by it whether you like it or not, and the rules could change at any time."
World Economic Forum founder and executive chairman Klaus Schwab wrote in 2019 that ESG scores are necessary for stakeholder capitalism.
"‘Stakeholder capitalism,’ a model I first proposed a half-century ago, positions private corporations as trustees of society, and is clearly the best response to today’s social and environmental challenges," he wrote. "We should seize this moment to ensure that stakeholder capitalism remains the new dominant model."
originally posted by: infolurker
I do not understand how this system can be legal, it is a total violation of the constitution.