Posted inFinance

Musk is right, ESG stock ratings are a scam

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the S&P 500 ESG Index has set off a roiling debate over the value of ESG ratings. ESG stands for environmental, social and governance, and ESG ratings […]