Tesla CEO Elon Musk has described the ESG as a scam that has been turned into a weapon by fake social justice fighters.
In recent years, discussions on ESG and Sustainability Goals have become increasingly charged. Elon Musk pauses and looks down during a press conference at the SpaceXs Starbase facility near Boca Chika Village in South Texas on February 10, 2022. Staff search for interplanetary planets. In May, electric car maker Tesla was dropped from the S&P 500′s ESG index. In response, CEO Elon Musk tweeted that the ESG was a scam created by fake social justice fighters.
According to Elon Musk, head of Tesla, the CEO of Clarity AI, a tech firm specializing in providing sustainability assessment software, may have misunderstood the meaning of ESG, environmental, social and governance. In an interview with CNBCs Squawk Box Europe last month, Rebeca Minguela spoke about the confusion over what ESG really means. Many investors believe that their focus can only be on the effects of climate change. Not just many investors - even Elon Musk tweeted about it. In May, electric car maker Tesla was dropped from the S&P 500′s ESG index. In response, Musk tweeted that the ESG was a scandal perpetrated by fake social justice fighters.
In the same tweet, it was also noted that ExxonMobil has been ranked as the Top Ten Best in the World for Environmental Social and Governance ESG by S&P 500, while Tesla did not make it to the list! The Oil and Gas Super Major Index is listed as one of the top 10 components by weight.
Tesla shares year after year.
As its CEO Tesla has weighed in on the growing charge debate on the ESG. In its impact report for 2021, it said that the current ESG assessment procedures are fundamentally flawed. ESG needs to be developed to measure real-world impacts in order to achieve much-needed change. Current environmental, social and governance ESG reporting does not measure the scope of its positive impact on the world involved. Instead, it focuses on measuring the value of the risk return dollar. Individual investors - who lend their money to the ESG funds of large investment institutions - may be unaware that their money can be used to buy shares of companies that do not improve climate change but Make it worse.
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Goldman Says Buy These Global Stocks to Play With ڈالر 900 Billion EV Opportunities - Goldman expects Tesla's poor results to boost bank growth The index was outlined in a blog post on May 17, justifying the removal of Teslas by giving it more than 60%, as reported in a CNBC report on low-carbon strategies and business practices. Several factors were covered.
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