Rebeca Minguela: Sorry, Elon Musk, but you’ve got it all wrong about ESG and Tesla
Dear Mr Musk,
Recently, you called environmental, social, and corporate governance an “outrageous scam” following the removal of Tesla, your flagship company, from S&P’s ESG Index. While I respect and applaud the positive impact Tesla is having on the world and your leadership role in moving us to a more sustainable future, what is “outrageous” are your incendiary remarks.
Their timing is particularly poor. Right now, the combination of falling markets and a number of censures of financial institutions for apparent “greenwashing” is creating something of an ESG backlash.