101–110 of 187 posts
Wife: Have you been cheating on me?
Husband: Lets check my APS score.
Wife: What?
Husband: Adultery, Pushups and Soccer Watching score. Looks like I'm in the 1% of husbands as calculated by the experts. So I don't think you have anything to worry about.
Wasn’t ESG score for BP surprisingly high?
https://www.sustainalytics.com/esg-rating/pepsico-inc/100791...
The whole ESG discussion is fraught with misinformation. Different ESG scores mean different things depending on what scoring you’re looking at. So, for example, an environmentally focused organization may rate a company high in ESG because they have low emissions and/or push for green legislation. However, the more well known ESG scores that we see in the news are often from the financial press and are intended for…
Rating agencies should rate the financial risk of stuff (mostly bonds they should try and do it well given that whole mess they created in 08)
They should not be involved in politics. When a rating agency goes beyond number crunching and they start looking at other stuff they are already out of their role. When they start looking at the number of women on the board that is preposterous.
Same is true for Fitch, Moodys, Bloomberg etc.
Everybody wants to be a politician and a virtue signaler these days...too bad that in a country full of politicians and virtue signalers nobody does any actual work.
ESG isn't about actual results, it's about controlling the culture.
But it is primarily a racket. You don't need an ideology or a program for societal control to have a good racket -- in fact, it's best not to have one, so you can cynically jump onto the latest thing for this business cycle.
So I disagree with you completely, despite being strongly critical of the ESG phenomenon. This is a pretty popular position BTW. Many ESG critics (probably such as yourself) are in a bubble, as they think people such as myself are supportive of ESGs just because they are left-wing, when to most left-wingers, it's yet another example in a long history of greenwashing.
Only people in on the racket are for it: McKinsey types, CEOs, fund managers that are worried about activist investors such as Norway's Sovereign Wealth Fund, etc.
ESG is such a obvious scam. It would be like this: Wife: Have you been cheating on me? Husband: Lets check my APS score. Wife: What? Husband: Adultery, Pushups and Soccer Watching score. Looks like I'm in the 1% of husbands as calculated by the experts. So I don't think you have anything to worry about.
Brilliant!
How come Fossil fuel industry never thought of that?
ESG 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 a…
> ESG is tricky to talk about thanks to the politization of it. "ESG is tricky to talk about because it is inherently political." There, I fixed it for you.
Matt Levine: It's Easy to Make Oil Companies ESG: https://www.bloomberg.com/opinion/articles/2023-07-12/it-s-e...
Also, there's evidence that moving investment from polluting to non-polluting industries at best has almost no impact, and potentially makes things worse: https://www.icpmnetwork.com/wp-content/uploads/2023/07/Count...
The only way to stop pollution is to consume green. That’s it. The Saudis and the Russians don’t care about ESG
ESG is such a obvious scam. It would be like this: Wife: Have you been cheating on me? Husband: Lets check my APS score. Wife: What? Husband: Adultery, Pushups and Soccer Watching score. Looks like I'm in the 1% of husbands as calculated by the experts. So I don't think you have anything to worry about.
Just offset CO2 emissions by hiring more diverse staff from New York. Brilliant! How come Fossil fuel industry never thought of that?
Wasn’t ESG score for BP surprisingly high?
PepsiCo, a company that each year fills 50 billion disposable plastic bottles with sugar water is considered "low risk". https://www.sustainalytics.com/esg-rating/pepsico-inc/100791...