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Maybe there's no such thing as an ESG stock
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Wall Street investors were shocked by the removal of Tesla from the ESG version of the S&P 500 Index.
PHOTO: REUTERS
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Tim Quinson
(BLOOMBERG) - The usually mundane world of environmental, social and governance (ESG) investing was turned on its head this month by two sector-shaking events.
First, S&P Dow Jones Indices shocked Wall Street by removing Tesla from the ESG version of the S&P 500 Index. The decision kicked off a huge kerfuffle, with many asking if the electric vehicle maker does not deserve the ESG moniker, then what company does?
