B ACKGROUNDER - ESG AND THE NEW ECO-COLONIALISM

135 • APRIL 2024 FRONTIER BACKGROUNDER ESG AND THE NEW ECO-COLONIALISM Eco-colonialism and ESG “...activists Enter another form of eco-colonialism.often carry an Eco-colonialism refers to the practices of some non-Indigenous environmental activists to interfere or meddle in the internal affairs of Indigenous communities anti-markets for the sake of a specific environmental agenda. [...] 135 • APRIL 2024 FRONTIER BACKGROUNDER ESG AND THE NEW ECO-COLONIALISM Case Study How ESG is harming northern “...big institutional Indigenous communities investors aimed to save Arctic Indigenous communities provide one important case study into the negative impact of ESG and energy divestment.12 Indigenous From the beginning, the Arctic was seen as “ground zero” for the assumed peoples of the ef. [...] Despite supporting ESG in principle input is good and practice, the FNMPC released a report in 2021 that critically examined the for business state of ESG at the time.15 and good for The FNMPC deemed that the main ESG reporting standards lacked Indigenous “notions and viewpoints.”16 long-term The FNMPC report also highlights the growing interest among investors and relationships. [...] George Athanassakos, “ESG Investing: The Good, the Bad and the Ugly, or Just the Bad and the Ugly?,” The Globe and Mail, April 21, 2023, esg-the-good-the-bad-and-the-ugly-or-just-the-bad-and-the-ugly/#:~:text=Many%20academic%20 studies%20have%20investigated,other%20studies%20report%20the%20opposite. [...] The author of this study has worked independently and the opinions expressed are therefore their own, and do not necessarily reflect the opinions of the board of the Frontier Centre for Public Policy.