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In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.”
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Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and governance), according to the CEO of Clarity AI, a tech firm specializing in the provision of software to assess sustainability.
In an interview last month with CNBC’s “Squawk Box Europe,” Rebeca Minguela spoke of the confusion surrounding what ESG actually means.
“Many investors believe it might be only focused on climate impact,” she said. “Not just ‘many investors’…
Source cnbc.com
