'ESG Is the Devil:' Elon Musk Lashes Out at Woke Ratings After ExxonMobil, Philip Morris Outrank Tesla

So, I came across this article that really caught my attention. It’s about how Elon Musk is slamming the ESG (environmental, social, and governance) rating system, calling it the “devil.” Apparently, Tesla got outranked by ExxonMobil and Philip Morris in the latest rankings, and Musk is not happy about it.

Basically, ESG ratings are used by investors to understand how well companies are doing in terms of environmental sustainability, social responsibility, and good governance. It’s kind of like a report card for companies, with grades based on criteria like carbon emissions, labor practices, and board diversity. But, Musk is saying that the system is flawed because it doesn’t factor in things like actual environmental impact and innovation.

Personally, I think Elon Musk does have a point. As someone who works in the renewable energy industry, I think it’s important to look beyond just surface-level sustainability measures and really dig into the impact a company is having on the planet and society. But, at the same time, it’s hard to blame investors for relying on some kind of system to help them make those decisions.

In any case, it’s interesting to see someone like Musk, who is often seen as a champion of ESG principles, speaking out against the system. It just goes to show that even with all the data and research out there, there’s still a lot of debate and disagreement around what makes a company truly sustainable and responsible.

Overall, I think this article raises important questions about how we measure and evaluate companies’ social and environmental performance. We need to keep having these conversations so that we can continue to improve the systems we have in place, and ensure that we’re all working towards a better future.