4 ms·

What specifically are you talking about?

by eli 3y ago

YSMLpT4b 3y ago
[flagged]
Dig1t 3y ago
Here’s Apple’s ESG report: https://s2.q4cdn.com/470004039/files/doc_downloads/2022/08/2022_Apple_ESG_Report.pdf https://s2.q4cdn.com/470004039/files/doc_downloads/2022/08/2... In it they say: “We’re making progress in increasing representation, and currently 50 percent of our workforce in the U.S. is made up of people from underrepresented communities.” “Please see the Appendix on page 81 for more data on representation” Then scroll to page 81. We see that 43% of the company is white (the US is 60% white as of the last census, so white people are in fact underrepresented at Apple) 27.9% of the company is Asian 9.4% black 14.8% Hispanic So they have stated that they are working on “increasing representation” (hiring) all categories of people except white. They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. A higher ESG score means that ESG funds are more likely to invest in this company, pushing up the company’s value. This is a literal economic incentive to discriminate against white people.
- eli 3y ago
  > They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. Where do you see that? That's not part of the criteria for my Vanguard ESG fund.
  - Dig1t 3y ago
    “What's #ESG Score and How it is calculated” https://www.linkedin.com/pulse/whats-esg-score-how-calculated-koviid-sharma#:~:text=It%20is%20a%20rating%20system,responsibility%2C%20and%20corporate%20governance%20practices https://www.linkedin.com/pulse/whats-esg-score-how-calculate.... “There are several organizations and rating agencies that calculate ESG score” “Corporate Knights: Corporate Knights is a media and research company that publishes an annual ranking of the world's most sustainable corporations. Their methodology evaluates companies based on a range of ESG factors, including carbon productivity, diversity and inclusion, and clean revenue.” From the Corporate Knights website itself: “All publicly-traded companies with over US$1 billion in revenue are assessed across 25 key performance indicators, including % sustainable revenue, % sustainable investment, % taxes paid, carbon productivity, and racial and gender diversity.”
    - eli 3y ago
      Corporate Knights is a free insert in newspapers that gives out a bunch of awards. They are not a fund manager and to my knowledge are not used by fund managers. In any event they’re talking about board member diversity, not company employees.

What specifically are you talking about?

by eli 3y ago

What specifically are you talking about?

YSMLpT4b 3y ago

[flagged]

Dig1t 3y ago

Here’s Apple’s ESG report: https://s2.q4cdn.com/470004039/files/doc_downloads/2022/08/2022_Apple_ESG_Report.pdf https://s2.q4cdn.com/470004039/files/doc_downloads/2022/08/2... In it they say: “We’re making progress in increasing representation, and currently 50 percent of our workforce in the U.S. is made up of people from underrepresented communities.” “Please see the Appendix on page 81 for more data on representation” Then scroll to page 81. We see that 43% of the company is white (the US is 60% white as of the last census, so white people are in fact underrepresented at Apple) 27.9% of the company is Asian 9.4% black 14.8% Hispanic So they have stated that they are working on “increasing representation” (hiring) all categories of people except white. They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. A higher ESG score means that ESG funds are more likely to invest in this company, pushing up the company’s value. This is a literal economic incentive to discriminate against white people.

eli 3y ago
> They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. Where do you see that? That's not part of the criteria for my Vanguard ESG fund.
- Dig1t 3y ago
  “What's #ESG Score and How it is calculated” https://www.linkedin.com/pulse/whats-esg-score-how-calculated-koviid-sharma#:~:text=It%20is%20a%20rating%20system,responsibility%2C%20and%20corporate%20governance%20practices https://www.linkedin.com/pulse/whats-esg-score-how-calculate.... “There are several organizations and rating agencies that calculate ESG score” “Corporate Knights: Corporate Knights is a media and research company that publishes an annual ranking of the world's most sustainable corporations. Their methodology evaluates companies based on a range of ESG factors, including carbon productivity, diversity and inclusion, and clean revenue.” From the Corporate Knights website itself: “All publicly-traded companies with over US$1 billion in revenue are assessed across 25 key performance indicators, including % sustainable revenue, % sustainable investment, % taxes paid, carbon productivity, and racial and gender diversity.”
  - eli 3y ago
    Corporate Knights is a free insert in newspapers that gives out a bunch of awards. They are not a fund manager and to my knowledge are not used by fund managers. In any event they’re talking about board member diversity, not company employees.