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> 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
by 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 agoCorporate 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.