Blackrock defends ESG position
SEC commissioner Hester Peirce discusses the idea of ‘woke’ investing and how BlackRock is pushing back on the GOP on ‘Fox Business Tonight.’
Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as "ESG."
His comments came in response to a Sunday Twitter post from small business expert and advisor Carol Roth.
"Remember when @ElonMusk wanted to bring free speech to Twitter and then S&P removed Tesla from their ESG 500 index, but kept in Exxon?" Roth wrote. "ESG is business social credit. It’s a means to control capital, keep business people in line with the narrative, and, ultimately, control you."
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In characteristically brief fashion, Musk responded: "ESG is the devil."
ESG refers to non-financial standards used by asset managers and investors in financial decision-making. ESG investing is sometimes referred to as sustainable investing or impact investing, and investors can use ESG standards and criteria to screen potential investments and monitor non-financial risks.