Why is Big Capital ditching the ESG agenda? ...News

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Why is Big Capital ditching the ESG agenda?
The environmental, social, and governance (ESG) agenda once had the staunch backing of billionaires, but now corporations are backtracking In a June 10 Tweet, Elon Musk, the embodiment of the electric vehicle (EV) revolution, declared that “ESG is the devil.” ESG stands for the “environmental, social and governance” principles which dictate that certain aspects of a company’s work must be taken into account when deciding whether to invest in it. An investment-worthy company must have a good score on things like climate change, sustainability, energy efficiency, diversity, equity and inclusion, as well as corruptio

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