Bloomberg News sank to a new low this week, heaping glowing coverage on the Marxist Black Lives Matter movement for getting corporate America to be woke on race.
The ESG-obsessed media empire published a ridiculous piece of propaganda Sept. 25 headlined: “Corporate America Promised to Hire a Lot More People of Color. It Actually Did.” The article, which ludicrously glossed over the 2020 BLM riots as simply “protests” three times, attributed the 2020 chaos as a nexus for companies’ pledging a massive racialized shift in workforce hiring in 2021. The article three times referred to “progress” as it announced that only 6% of jobs at major companies they analyzed went to White workers in 2021.
Bloomberg claimed that its analysis of these changes “shows progress,” before specifically promoting companies in the S&P 100 that appeared to drastically change their hiring practices based on race and calling out those which had not.
The article went further. Immediately after mentioning that White people made up 68.5% of layoffs at companies that shrank in 2021, the article followed with, “The corporate reckoning on institutionalized racism in the immediate aftermath of Floyd’s murder by a White police officer was a factor, too.”
Independent writer Ryan Girdusky ripped the article apart on X (formerly Twitter). “Following the BLM protests, just 6% of new S&P 100 jobs went to white applicants. The only way this is possible is if corporations racially discriminated against white applicants.”
Following the BLM protests, just 6% of new S&P 100 jobs went to white applicants.
The only way this is possible is if corporations racially discriminated against white applicants.
— Ryan James Girdusky (@RyanGirdusky) September 26, 2023
Of course, the liberal outlet’s downplaying of the 2020 riots permitted it to ignore the estimated $2 billion in damage inflicted on small businesses as a result of BLM and Antifa’s antics.
MRC Vice President Dan Schneider also went after Bloomberg for the BLM-approving agitprop. Schneider said, “The shameless shakedown of prominent companies by the self-proclaimed Marxists leaders of Black Lives Matter Inc. should be condemned by news organizations, not praised. Bloomberg News saw a link here between the 2020 riots and companies choosing employees based on their race and decided to call it ‘progress.’”
In this article, Bloomberg left out its own role in pressuring companies on this issue, the social component of Environmental, Social and Governance (ESG) investing. Earlier this year, Bloomberg News bragged about putting ESG scores on 5,500 companies. The 2022 Bloomberg Impact Report mentioned that the company had also collected ESG data on 15,000 companies.
As noted by Bloomberg Sustainable Finance Associate Katrina White, Bloomberg’s collection of ESG data functions to increase activist pressure on companies. Michael Bloomberg and Bloomberg News have also been extremely aggressive in pushing companies and states toward extreme environmentalism.
Conservatives are under attack! Contact Bloomberg News at email@example.com and demand the outlet disclose its parent company’s ESG interests in every ESG article it publishes from now on.