Video-sharing platform Rumble recently announced that it has no intention of pursuing environmental, social, and governance, or ESG, standards, a catchall term that refers to corporations pursuing liberal goals when it comes to climate change, race, and sexuality.
is right to reject ESG; it creates a distraction from a company’s main mission, and a few recent examples show that it does not make a company better.
“By pushing back against cancel culture and creeping censorship, we help facilitate a free exchange of ideas between our content creators and users,” RumbleThe company noted its primary goal is to maximize “shareholder returns by developing and continuously improving our product, growing our user base, and attracting top content creators.” The company said it will not let “outside groups that seek to advance goals or agendas” sway it from its mission.
The purpose of Rumble is to provide a high-quality video-sharing platform that allows content creators to share their ideas and maximize the returns for its investors. ESG does not make a company better governed and can make it worse, as seen in the recent controversies surrounding Silicon Valley Bank, FTX, and Norfolk Southern.
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