It might be worth checking out what groups like R3.0 are doing around 'context based sustainability': https://www.r3-0.org/
ESG should be boiled down to one simple measure: emissions
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Re: ESG should be boiled down to one simple measure: emissions
#22Re: ESG should be boiled down to one simple measure: emissions
#23Earlier quoted context omitted.
it's also a way to extort money out of companies. Using slave labor? it's ok just donate some money here and boost your score. There are also companies (don't ask) I've encountered who appear to offer nothing but 3rd party branded kubernetes combined with a whole truckload of bullshit about how their product reduces your carbon footprint in the cloud. They reach out and attempt to partner with successful disadvantage…
> it's also a way to extort money out of companies. Using slave labor? it's ok just donate some money here and boost your score. That's not extortion, that's the opposite - bribery > They reach out and attempt to partner with successful disadvantaged education programs for cheap interns and to add badges to their website I did see this kind of shit once
>That's not extortion, that's the opposite - bribery.
I think that depends on your perspective. From the company's perspective, they're bribing the ratings agency by donating money.
From the agency's perspective, they're using their rating as a way of coercing a company into making donations. That could be considered extortion, though not in the legal sense.
Re: ESG should be boiled down to one simple measure: emissions
#24Earlier quoted context omitted.
MSCI ESG ratings: Tesla: A https://www.msci.com/our-solutions/esg-investing/esg-ratings... Exxon: BBB https://www.msci.com/our-solutions/esg-investing/esg-ratings...
Shell: AA https://www.msci.com/our-solutions/esg-investing/esg-ratings... Higher than TSLA
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Re: ESG should be boiled down to one simple measure: emissions
#25Earlier quoted context omitted.
Shell: AA https://www.msci.com/our-solutions/esg-investing/esg-ratings... Higher than TSLA
also Tesla is only average for the automotive industry which is mind-boggling.
Well why shouldn't they be? Most major auto makers are phasing out development of new ICE drivetrains, and phasing out ICE manufacturing altogether. Meanwhile Tesla is certainly not without criticism.
Re: ESG should be boiled down to one simple measure: emissions
#26I agree. Is there an emissions only ETF that I can buy into? (Not sure if this is mentioned in the article, it's paywalled for me)
Re: ESG should be boiled down to one simple measure: emissions
#27So, "E."
From the article:
> It is better to focus simply on the e. Yet even that is not precise enough. The environment is an all-encompassing term, including biodiversity, water scarcity and so on. By far the most significant danger is from emissions, particularly those generated by carbon-belching industries. Put simply, the e should stand not for environmental factors, but for emissions alone.
Re: ESG should be boiled down to one simple measure: emissions
#28Earlier quoted context omitted.
also Tesla is only average for the automotive industry which is mind-boggling.
Well why shouldn't they be? Most major auto makers are phasing out development of new ICE drivetrains, and phasing out ICE manufacturing altogether. Meanwhile Tesla is certainly not without criticism.
>plans to phase out
vs
>never offered and never will offer
isn't that criticism political in nature?
Re: ESG should be boiled down to one simple measure: emissions
#29Earlier quoted context omitted.
Shell: AA https://www.msci.com/our-solutions/esg-investing/esg-ratings... Higher than TSLA
also Tesla is only average for the automotive industry which is mind-boggling.
> To manufacture each EV battery, you must process
> 25,000 pounds of brine for the lithium
> 30,000 pounds of ore for the cobalt
> 5,000 pounds of ore for the nickel, 25,000 pounds of ore for copper
> Digging up 500,000 pounds of the earth's crust
> For just - one - battery.
https://twitter.com/brianroemmele/status/1503176565974216710
Would appreciate a fact check if this is anyone's business here
Re: ESG should be boiled down to one simple measure: emissions
#30Earlier quoted context omitted.
also Tesla is only average for the automotive industry which is mind-boggling.
> To manufacture each EV battery, you must process > 25,000 pounds of brine for the lithium > 30,000 pounds of ore for the cobalt > 5,000 pounds of ore for the nickel, 25,000 pounds of ore for copper > Digging up 500,000 pounds of the earth's crust > For just - one - battery. https://twitter.com/brianroemmele/status/1503176565974216710 Would appreciate a fact check if this is anyone's business here
They can be recycled once we have a large install base