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>makes it very clear that this is political backlash in response to Musk going "off message". The G stands for governance, including: "Governance deals with a
by itsoktocry 4y ago
>makes it very clear that this is political backlash in response to Musk going "off message".
The G stands for governance, including: "Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights"[0].
Do you think Tesla is a model there?
[0]https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp https://www.investopedia.com/terms/e/environmental-social-an...
- bequanna 4y agoUgh, please. There is no consistency in applying the standards that they themselves made up, which should tell you right away what a scam this is. Now they've weaponized it. The people pushing "ESG" anything only care about marketing some product to the virtue signalers. I bet most people who buy this index see "ESG", pat themselves on the back and never even look at the component companies. Check it our for yourself: [0] Apple, Exxon, JPMorgan in the top 10. Still think this is legit? [0] https://cms.zerohedge.com/s3/files/inline-images/2022-05-18_09-26-40.jpg?itok=F6lbvUNW https://cms.zerohedge.com/s3/files/inline-images/2022-05-18_...
- SpicyLemonZest 4y agoI think that sounds like an extraordinarily broad set of criteria, which would make it very easy for ESG index providers to put their thumbs on the scale if they wanted to. In particular it seems impossible to numerically quantify the quality of Tesla's governance vs. that of Ford or General Motors, as S&P is claiming to do here.
- bequanna 4y agoYep. Membership only seems to require you cooperate with some pedantic, box-checking exercise.