US companies use trans TikToker Dylan Mulvaney to boost their ‘Corporate Equity Index’ scores

According to the Daily Mail, the HRC is the "most powerful LGBTQ+ political lobbying group in the world." They are the ones who compile these scorecards and reward the companies who earn maximum points with a "Best Place to Work for LGBTQ Equality" title. Politically driven advertising is one way a corporation can help boost their CEI score and the Daily Mail notes that this goes to explain why companies like Anheuser-Busch and Nike would team up with an unathletic, non-beer drinker like Dylan Mulvaney to advertise their products.

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The CEI has five major rating criteria, Workforce protections (5 points), Inclusive Benefits (50 points) Supporting and inclusive Culture (25 points) Corporate Social Responsibility (20 points), and Responsible citizenship (-25). According to the New York Post, a company can lose points by donating money to "organizations whose primary mission includes advocacy against LGBTQ equality" or doesn’t meet the HRC’s standard for "integration of intersectionality in professional development."

Financial fund managers like BlackRock are forcing corporations to abide by their ESG principles. Their CEO has stated that "to prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society," and threatening that a company "will ultimately lose the license to operate from key stakeholders."

Blackrock and Vanguard are two of the top shareholders of companies like Nike, Anheuser-Busch, and Kate Spade (all of whom have promoted Mulvaney in recent weeks). According to reports, CEOs are much more fearful of losing these investors than they are of the loss of revenue from potential boycotts.

James Lindsay, founder of New Discourses said it is an "extortion racket" that "HRC Sends representatives to corporations every year telling them what kind of stuff they have to make visible at the company. They give them a list of demands and if they don’t follow through there’s a threat that you won’t keep your CEI score."

2024 Presidential candidate Vivek Ramaswamy told the Post "The big fund managers like BlackRock all embrace this ESG orthodoxy in how they apply pressure to top corporate management teams and boards and they determine, in many cases, executive compensation and bonuses and who gets re-elected or re-appointed to boards."

There are some organizations fighting ESG however. Derek Kreifels the CEO of the State Financial Officers Foundation said of the situation, "The problem with measures like CEI, and its big brother ESG, is that it introduces an incentive structure outside of the bounds of business, often in ways contradictory to fiduciary duty." He continued. "Whether Anheuser-Busch was trying to cash in on Dylan Mulvaney’s TikTok following or chasing higher CEI ratings for inclusivity, the backlash has been significant, and the stockholders to whom the company is obligated will feel the pinch."