Impact Investing – The UN’s Global Social Credit System
(by Rhoda Wilson | The Exposé) – Social finance or impact investing reduces human beings to the status of potential investments, sources of profit for wealthy ruling vampires, Winter Oak surmised. It is a digital slave trade. It wants to own and control us – our bodies and every moment of our lives – and it wants to own and control every square inch of our world.
Impact investing is a sinister industry which, over the last few years of research, we have found lurking under every dubious stone we have turned, wrote Winter Oak. Extinction Rebellion, Ronald Cohen, intersectionality, the WEF Global Shapers, Guerrilla Foundation and Edge Fund are some examples where it’ll be found.
Profiteering from “impact” is very much tied in with The Great Reset and the Fourth Industrial Revolution which aims to set up the infrastructure through which this new form of digital serfdom can be imposed. Students of history will recall that this “partnership” between the public and the private, this merger of state and big business, was the economic basis of fascism, wrote Winter Oak, and fascist economic policies were all in the interests of the ruling class.
Background to Impact Investing
In 2006, the United Nations Principles for Responsible Investment (PRI) was released with 63 signatories and $6.5 trillion in assets. PRI promotes the incorporation of environmental, social, and corporate governance factors (“ESG”) into investment decision-making. According to Investopedia, by 2021, PRI had over 3,800 signatories and over $121 trillion in assets.
According to the Rockefeller Foundation, by 2007 a variety of financial “innovators” had developed approaches to “socially-conscious investment” because there was a “growing demand for investment that sought some combination of financial and social outcomes.”
The Global Sustainable Investment Alliance (GSIA), a consortium of international sustainable investment organisations, issued its inaugural issue of the Global Sustainable Investment Review in 2012. In 2013, then-UK Prime Minister David Cameron gave a speech on impact investing:
We need social investment markets, social investment bonds and social investment banks … I am proud that Britain has led the way from the outset. We have created the first social impact bond – with more of these bonds in the UK today than in the rest of the world put together. We had the first charity bond too. And last year, I think our proudest creation yet, the first ever wholesale social investment bank – Big Society Capital.
We took – not just some but – all the dormant funds from banks, together with further contributions, to provide a pot of £600 million to invest … we asked Sir Ronnie Cohen – the grandfather of social investment – to chair [Big Society Capital].
Today we are announcing three major new steps. Tax breaks for social investments. A Social Stock Exchange to measure how successful those social investments are. And most importantly, new help for our communities to buy local assets.
Social investment can be a great force for social change on the planet.
Prime Minister: “social investment can be a great force for social change”, Social Impact Investment Forum, London, 6 June 2013
ESG focuses on how companies assess and manage ESG risks and, looking back, it was a mechanism to get organisations used to the idea of complying with rules set at a global level. In a 2019 article, Forbes noted a case in Australia where a member of a pension fund was suing the board for failing to take into consideration climate risk in the risk profile of their portfolio. “This is not an isolated incident,” Forbes noted, “fourteen UK funds were warned by their lawyers that they risk legal action and US funds have also been urged to be more climate-sensitive.”
However, impact investing takes it to a whole new level as it focuses on using capital to effect social or environmental change. In short, it is a way to force organisations and its employees to behave in a certain way – organisations that do not follow the rules do not receive investment. And the rules impact investing forces organisations to adhere to are Agenda 2030’s goals.
One of the major players in the impact investing industry is Global Impact Investing Network (“GIIN”) through its investment management tool IRIS+. Read Full Article >