Think Landing a Job Is Hard? Try Having ‘DEI’ on Your Resume

Microsoft Directs Benevity to Drop SPLC Filter

After engagement from Inspire Investing and others, Microsoft has directed Benevity to stop using the SPLC’s “hate map” to filter nonprofits from its employee gift-matching program. In its “Max the Match” document, Microsoft states any nonprofit organization that “verifies its 501c3 or equivalent status will be available to Microsoft employees.” The Daily Signal highlighted several organizations, including the 1792 Exchange, engaging companies on behalf of shareholders to ensure charitable giving is viewpoint neutral. The 1792 Exchange is pleased to work alongside Inspire Investing, Bowyer Research, the Heritage Foundation, and many others in this important work. 1792 Exchange created this resource to track how companies are responding to the growing controversy surrounding the SPLC and Benevity and encourages companies that have made changes to their charitable giving programs to disclose those changes to their customers and shareholders.

ESG Rating Inconsistencies and Their Ideological Ends

Allen Mendenhall’s recent piece on MSCI ranking SpaceX in the same ESG tier as Russia asks a fair question: how does a rocket company advancing American innovation get scored the same as a state waging war? Unbeknownst to many, inconsistencies are common when it comes to ESG portfolios and ratings. In 2022, S&P dropped Tesla from its S&P 500 ESG Index while ExxonMobil landed in the top ten. The EV maker scored worse on an “Environmental, Social, Governance” rating than a major oil company. In fact, according to MIT Sloan’s Aggregate Confusion Project, ESG ratings from major agencies correlate at only about 0.61. Compare that to credit ratings from Moody’s and S&P, which agree 99% of the time. Companies often receive vastly different ESG rating scores from ratings providers, even ones that share a pro-ESG bias. These are the kinds of inconsistencies that led Elon Musk, CEO of the second-largest electric vehicle manufacturer in the world, to declare that ESG is a scam. Mendenhall concludes himself: the SpaceX rating shows ESG functioning less as “socially conscious investing” and more as “a mechanism for advancing ideological ends.”

‘CULTURAL CORRECTION’: 10 Major Brands Dial Back the LGBTQ Pride

How One Leftist Group Prevents Corporate Employees From Supporting Conservative Nonprofits

Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas

Dear Darren Woods and Exxon: Your Insecurity is Showing