ESG is a set of standards meant to assess business practices in relation to sustainability and ethical concerns. An increasing number of financial-market participants use ESG-based ratings as a guidance for socially responsible investing – rather than simply buying assets they think will deliver the best returns.
They often use a 1-to-100 ratings scale, determined by research firms like S&P Global and Morningstar., and fails to properly rate companies based on their social contributions. "From S&P Global to the London Stock Exchange, tobacco companies are crushing Tesla in the ESG ratings,""How could cigarettes, which kill over 8 million a year, be deemed a more ethical investment than electric cars?" he added.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: therealautoblog - 🏆 528. / 51 Read more »
Jack Dorsey says Elon Musk became 'reckless' with TwitterJack Dorsey says Elon Musk became 'reckless' and 'impatient' and rushed out new Twitter features that 'weren't thought out'
Source: BusinessInsider - 🏆 729. / 51 Read more »