Elon Musk says 'ESG is the devil' with tobacco firms trouncing Tesla in social-responsibility ratings
ESG is a set of standards meant to assess business practices in relation to sustainability and ethical concerns. An increasing number of financial-market participants use ESG-based ratings as a guidance for socially responsible investing – rather than simply buying assets they think will deliver the best returns.
They often use a 1-to-100 ratings scale, determined by research firms like S&P Global and Morningstar., and fails to properly rate companies based on their social contributions. "From S&P Global to the London Stock Exchange, tobacco companies are crushing Tesla in the ESG ratings,""How could cigarettes, which kill over 8 million a year, be deemed a more ethical investment than electric cars?" he added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Macron to meet Elon Musk in Paris to talk Tesla investmentFrench President Emmanuel Macron said he will meet with Tesla CEO Elon Musk on Friday, the second time in just over a month, to promote France as a possible site for one of the electric vehicle (EV) maker's factories as well as to discuss tech regulation.
Leer más »
Elon Musk says 'ESG is the devil' as tobacco firms trounce Tesla in social-responsibility ratings - AutoblogThe billionaire tech boss highlighted research showing that tobacco stocks tend to score more highly than Tesla in ESG ratings.
Leer más »
Tesla Semi Volume Production Will Not Start Until Late 2024: MuskTesla CEO Elon Musk said last year that Tesla had a tentative production target of 50,000 Semi trucks for 2024 in North America.
Leer más »
Elon Musk Celebrates Pride Month By Going On Anti-Trans Tweeting SpreeCritics say the platform isn’t safe for trans users after the company rolled back protections against “targeted misgendering.'
Leer más »
Jack Dorsey says Elon Musk became 'reckless' with TwitterJack Dorsey says Elon Musk became 'reckless' and 'impatient' and rushed out new Twitter features that 'weren't thought out'
Leer más »
Analysis: Tesla taps brakes on job ads after Musk clamps down on hiringTesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain his sign off on all new hires, a Reuters analysis shows.
Leer más »