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ESG is not enough to create a better world
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The ESG framework was meant to address the planet’s existential challenges. On that score it has fallen far short of its aims.
PHOTO: ST FILE
Sunil Puri
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In May 2022, Tesla chief executive officer Elon Musk famously sent out a tweet that reverberated across the globe, declaring “ESG is a scam”,
The decision to exclude Tesla, S&P subsequently clarified, was based on the company’s perceived lack of a low-carbon strategy, compared with its peers, as well as reported instances of racial discrimination and poor working conditions at a Tesla factory.
