ESG is BS

[wayneL]

IMO ESG will destroy the investing landscape.

e.g.

How Tobacco Companies Are Crushing ESG Ratings

S&P Global made headlines this month when it gave Tesla, the world's largest manufacturer of electric cars, a lower environmental, social, and governance score than Philip Morris International, the maker of Marlboro cigarettes.

freebeacon.com

 

[farmerge]

IMO ESG will destroy the investing landscape.

e.g.

How Tobacco Companies Are Crushing ESG Ratings

S&P Global made headlines this month when it gave Tesla, the world's largest manufacturer of electric cars, a lower environmental, social, and governance score than Philip Morris International, the maker of Marlboro cigarettes.

freebeacon.com

Wayne has to be an April Fools joke surely.
How can a company producing cancer sticks have a rating above zero

 

[wayneL]

Wayne has to be an April Fools joke surely.
How can a company producing cancer sticks have a rating above zero

Because it's BS. It's the reason all these companies are embracing all this gender and racial insanity. Its the reason they all promoting "yes" for the Australian apartheid. It's the reason they all toe the line on every Orwellian propaganda.

...they are being forced to.

Larry the fink:

 

[moXJO]

Brilliant strategy though. Forcing an Ideology onto the masses via their personal consumption choice. It's inescapable.

 

[divs4ever]

IMO ESG will destroy the investing landscape.

e.g.

How Tobacco Companies Are Crushing ESG Ratings

S&P Global made headlines this month when it gave Tesla, the world's largest manufacturer of electric cars, a lower environmental, social, and governance score than Philip Morris International, the maker of Marlboro cigarettes.

freebeacon.com

i was investing ( cash in the stock ) in AEF when ESG stood for Ethical , Sustainable and Governance , and did nicely in the stock

however that ESG definition has been hijacked , much like the retail investing scene

( i support ETHICALLY run businesses where i can , but try to avoid the new green-washing trend )

 

[divs4ever]

Brilliant strategy though. Forcing an Ideology onto the masses via their personal consumption choice. It's inescapable.

watch me choose the best places ( for me ) to invest my cash

 

[divs4ever]

Because it's BS. It's the reason all these companies are embracing all this gender and racial insanity. Its the reason they all promoting "yes" for the Australian apartheid. It's the reason they all toe the line on every Orwellian propaganda.

...they are being forced to.

Larry the fink:

yes i grew concerned about Blackrock ideas and exited all the products of Blackrock i held ( the rivals i held were doing better anyway ) about 18 months back

 

[moXJO]

watch me choose the best places ( for me ) to invest my cash

Makes you wonder what the investing landscape will look like in 10 years.

 

[Sean K]

IMO ESG will destroy the investing landscape.

e.g.

How Tobacco Companies Are Crushing ESG Ratings

S&P Global made headlines this month when it gave Tesla, the world's largest manufacturer of electric cars, a lower environmental, social, and governance score than Philip Morris International, the maker of Marlboro cigarettes.

freebeacon.com

It's pretty frightening. It seems to have become a costly box ticking exercise.

London Stock Exchange gives British American Tobacco an ESG score of 94—the third highest of any company on the exchange's top share index—while Tesla earns a middling 65.

 

[Smurf1976]

It seems to have become a costly box ticking exercise.

This goes for most of this stuff.

It's not some genuine desire to fix a problem or even to simply given a honest assessment of a company. Rather, it's just a box to be ticked.

None of these ratings are worth anything at all in my view due to that.

 

[wayneL]

This goes for most of this stuff.

It's not some genuine desire to fix a problem or even to simply given a honest assessment of a company. Rather, it's just a box to be ticked.

None of these ratings are worth anything at all in my view due to that.

And it is *beginning to backfire.

eg the Bud Lite and Target US fiascos.

 

[Sean K]

And it is *beginning to backfire.

eg the Bud Lite and Target US fiascos.

Yes, lots of other examples and current trends that we can see will backfire.

Qantas saying male air stewards can wear girls uniforms is a classic. But, I suppose most of them want to anyway.

 

[Craton]

And it is *beginning to backfire.

eg the Bud Lite and Target US fiascos.

USA based but found this very interesting 20min Youtube clip by Zach De Gregorio from Wolves and Finances, re. Bud Lite et all.

How the ESG and CEI scores affect boardrooms and thus effecting markets.

Why doesn't it surprise me that Black Rock and other big money plus political parties are involved?

 

[divs4ever]

Makes you wonder what the investing landscape will look like in 10 years.

lacking in clarity and transparency if the current trend continues , i see definitions blur and modify ( after unpleasant facts )

might be interesting to see what attracts new capital outside of super contributions by then