5 ms·
Who cares? Nobody invests in tesla or index funds because of "ESG" scores. Nobody cares about the ESG index. Other than useless privileged people with too much
by qiskit 4y ago
Who cares? Nobody invests in tesla or index funds because of "ESG" scores. Nobody cares about the ESG index. Other than useless privileged people with too much time on their hands. If TSLA was removed from the SP500, that's news. Being removed from SP500 ESG isn't noteworthy in the slightest.
- PatentlyDC123 4y agoCould it be more about large institutional investors using ESG indexes in their products? Like BlackRock's ESG push [0]. Maybe I'm misinterpreting the value of the index for institutional investors, but I could see companies like Tesla disappointed that large funds might avoid investing in them based on listings like these. [0] https://www.bloomberg.com/news/articles/2021-12-31/how-blackrock-s-invisible-hand-helped-make-esg-a-hot-ticket https://www.bloomberg.com/news/articles/2021-12-31/how-black...
- JumpCrisscross 4y ago> Nobody invests in tesla or index funds because of "ESG" scores ESG is a box-checking party. But it's a multi-trillion dollar one [1]. [1] https://www.bloomberg.com/company/press/esg-assets-rising-to-50-trillion-will-reshape-140-5-trillion-of-global-aum-by-2025-finds-bloomberg-intelligence/ https://www.bloomberg.com/company/press/esg-assets-rising-to...
- HWR_14 4y agoAFAIK, some people put their money in the SP500 ESG, feel good that they are investing in ethical companies and use it as their preferred index fund. Being in an index fund or not can do interesting things to a stock's price.