Rebeca Minguela: Sorry, Elon Musk, but you’ve got it all wrong about ESG and Tesla

Media & Press June 27, 2022

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.

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