> "The company is not adapting to a world where environmental, social, governance (ESG) considerations are becoming much more material to performance," BlackRoc

> "The company is not adapting to a world where environmental, social, governance (ESG) considerations are becoming much more material to performance," BlackRock Inc., the world's largest asset manager, said after the meeting. This quote says it all. It's expected that companies make certain symbolic gestures because they are seen as "material to performance" not because they make the world better. I don't think these gestures are actually material to performance (and they certainly don't make the world better). I suppose this is a good test.