Hard to 'believe' in ESG/DEI when the rich continue to fly private jets and a black scientist has never won a nobel prize.
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Companies with good ESG scores pollute as much as low-rated rivals
91–100 of 187 posts
Re: Companies with good ESG scores pollute as much as low-rated rivals
#92ESG is nothing more than making companies kowtow to Blackrock.
Kiss that ring, companies, and maybe they'll throw a few crumbs at you.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#93Earlier quoted context omitted.
Here’s Apple’s ESG report: https://s2.q4cdn.com/470004039/files/doc_downloads/2022/08/2... In it they say: “We’re making progress in increasing representation, and currently 50 percent of our workforce in the U.S. is made up of people from underrepresented communities.” “Please see the Appendix on page 81 for more data on representation” Then scroll to page 81. We see that 43% of the company is white (the US is 60% w…
> They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. Where do you see that? That's not part of the criteria for my Vanguard ESG fund.
“What's #ESG Score and How it is calculated”
https://www.linkedin.com/pulse/whats-esg-score-how-calculate....
“There are several organizations and rating agencies that calculate ESG score”
“Corporate Knights: Corporate Knights is a media and research company that publishes an annual ranking of the world's most sustainable corporations. Their methodology evaluates companies based on a range of ESG factors, including carbon productivity, diversity and inclusion, and clean revenue.”
From the Corporate Knights website itself:
“All publicly-traded companies with over US$1 billion in revenue are assessed across 25 key performance indicators, including % sustainable revenue, % sustainable investment, % taxes paid, carbon productivity, and racial and gender diversity.”
Re: Companies with good ESG scores pollute as much as low-rated rivals
#94A 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.
" Eschew flamebait. Avoid generic tangents. " - https://news.ycombinator.com/newsguidelines.html Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for. If you wouldn't mind reviewing the site guidelines and taking their intended spirit more to heart, we'd be grateful.
I am sorry, I was not trying to post flamebait. I have provided more context with sources and an explanation of what I was talking about in questioning responses further down in the thread. I would include them in the parent comment if I was still able to edit it.
I really don’t feel like it was a harmful comment, it has net upvotes, the majority here seem to agree with the sentiment.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#95Earlier quoted context omitted.
> They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people. Where do you see that? That's not part of the criteria for my Vanguard ESG fund.
“What's #ESG Score and How it is calculated” https://www.linkedin.com/pulse/whats-esg-score-how-calculate... . “There are several organizations and rating agencies that calculate ESG score” “Corporate Knights: Corporate Knights is a media and research company that publishes an annual ranking of the world's most sustainable corporations. Their methodology evaluates companies based on a range of ESG factors, including…
Corporate Knights is a free insert in newspapers that gives out a bunch of awards. They are not a fund manager and to my knowledge are not used by fund managers.
In any event they’re talking about board member diversity, not company employees.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#96ESG is a waste of time, I can't wait until this fad dies down.
I quite enjoyed it as long as you understood what it really meant: Energy Stops Growing.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#97Earlier quoted context omitted.
I find it hilarious the kind of conspiracy theories people lob at BlackRock and Vanguard. BlackRock maybe I can maybe understand, but Vanguard is like the most straightforward boring investment company in the world. It's literally a shareholder co-op for passive investment funds. People have no idea what they are talking about.
Tech workers (with their inflated view of their own intelligence) are almost always hilarious. It's half the reason I keep coming back to HN. If they spent the same amount of time doing research as they do on concocting inane conspiracies and brainless explanations, they may actually be as smart as they think themselves to be.
You're generalizing a lot here and I take it as an insult, Billy.
Re: Companies with good ESG scores pollute as much as low-rated rivals
#98Earlier quoted context omitted.
" Eschew flamebait. Avoid generic tangents. " - https://news.ycombinator.com/newsguidelines.html Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for. If you wouldn't mind reviewing the site guidelines and taking their intended spirit more to heart, we'd be grateful.
I am sorry, I was not trying to post flamebait. I have provided more context with sources and an explanation of what I was talking about in questioning responses further down in the thread. I would include them in the parent comment if I was still able to edit it. I really don’t feel like it was a harmful comment, it has net upvotes, the majority here seem to agree with the sentiment.
Your comment pointed directly to race war. That's practically the biggest flamebait there is—especially when you use high-indignation, low-information phrases like "how much you discriminate against $group".
It's important to understand the concept of "generic tangent" - when a thread moves away from the specifics of a given story toward more familiar/bigger/hotter/divisive/sensational things, the discussion is guaranteed to get more repetitive, less interesting, and more likely to turn into a flamewar.
You can't judge these things by upvotes—sensational comments and flamewar comments frequently get heavily upvoted. This is a weakness of the upvoting system. Past explanations here: https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so....
Re: Companies with good ESG scores pollute as much as low-rated rivals
#99Hard to 'believe' in ESG/DEI when the rich continue to fly private jets and a black scientist has never won a nobel prize.
> a black scientist has never won a nobel prize. This is the entire point of DEI. As Kendi says, the only way to undo past racism and become an equal society is a period of short term discrimination against the privileged. Not saying I agree, but a Nobel is basically a career achievement and dei has been around for what, a decade? Would be surprising if it already lead to a Nobel.
'Diversity' started as an anti-semitic agenda in the 1920's in order to limit the number of Jewish students at Harvard. https://www.timesofisrael.com/harvards-jewish-quotas-cited-i... .
Re: Companies with good ESG scores pollute as much as low-rated rivals
#100ESG is a waste of time, I can't wait until this fad dies down.
When I first read about it I thought someone was playing an elaborate joke. It makes no sense why such ephemeral concepts should somehow lead to better investments. If anything, the entire ESG score thing seems like a scam to get people to make bad investments and to then bet against those investments.
> It makes no sense why such ephemeral concepts should somehow lead to better investments.
What specifically do you find ephemeral about ESG?