Companies with good ESG scores pollute as much as low-rated rivals
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Re: Companies with good ESG scores pollute as much as low-rated rivals
#2[dead]
Re: Companies with good ESG scores pollute as much as low-rated rivals
#3A component of ESG scores is how much you discriminate against white people. So of course you can have a good ESG score yet be a polluter.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#4Re: Companies with good ESG scores pollute as much as low-rated rivals
#5ESG is fairly obviously used to whitewash companies whose main product goes against ESG principles. It's a bunch of irrelevant window-dressing compared to the core concern of what a company is selling yet somehow that never makes it into the ESG metric.
Ex, Tesla has a terrible ESG scores, and Philip Morris has great ones. Is that because PM's diverse board actually outweighs giving people cancer? No, it's just that ESG was designed explicitly to allow companies to hand-wave away the core issue that they are selling bad things.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#6As far as I can tell ESG is a huge 'begging the question' problem. Companies with good ESG scores do better because we invest in companies with good ESG scores.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#7They may pollute just as much but they definitely make more rainbow-spackled products during Pride Month which helps me feel good about the places I like to put my genitals.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#8[dead]
Re: Companies with good ESG scores pollute as much as low-rated rivals
#9Wasn’t ESG score for BP surprisingly high?
Re: Companies with good ESG scores pollute as much as low-rated rivals
#10ESG is tricky to talk about thanks to the politization of it. I work on some projects that involve ESG data and I have some thoughts. First there's LOTS of factors. If you bunch them all up into one number, it becomes meaningless as the article describes. I would think wiser minds would use this data to make investment decisions based on some specific risk, like hedging against some environmental disaster which may affect some companies more than others. Also, one thing I notice is that umbrella companies make ESG data complicated. Sometimes there will be data from a subsidiary but not the parent, how that all bubbles up is of note. Companies may use this to manipulate their scores. And quality of the data is important, it is based on research not any sort of testing or analytic model, so one must trust the researchers in this case (or not).