ESG is a scam. It has been weaponized by phony social justice warriors – Elon Musk

By Team Tech Outlook Published on May 18, 2022, 21:42 IST Last updated May 18, 2022, 21:47 IST

ESG is a scam. It has been weaponized by phony social justice warriors

Elon Musk makes fun of Exxon Mobile as top ten best in the world for the environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list. He further said ESG is a scam. It has been weaponized by phony social justice warriors.

Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!

ESG is a scam. It has been weaponized by phony social justice warriors.

— Elon Musk (@elonmusk) May 18, 2022

What is ESG that Elon Musk is calling a scam?

Environmental, social, and corporate governance is a method of assessing the extent to which a corporation works for societal goals that go beyond the firm’s primary goal of maximising profits for its shareholders.