S&P Dow Jones Indices’ decision this week to boot Tesla from the S&P 500 ESG Index has cast a harsh light on the role that environmental, social, and governance, or ESG ratings play in scoring companies as positive for the planet. Investment firms use ESG ratings from companies such as MSCI (MSCI), the largest ESG …
S&P Dumps Tesla From Its ESG Index. Why Sustainable Ratings Are a Problem. Read More »
Elon Musk attends the 2022 Met Gala on May 2, 2022. Getty Images for The Met Museum/Vogue Tesla, the world’s leading maker of electric vehicles, has been cut from S&P’s ESG Index created for environmentally conscious investors owing to flaws in its business conduct and, ironically, aspects of the company’s low-carbon strategy. The move inflamed …
Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index Read More »
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of Justice and U.S. Securities and …
Allianz to pay $6 billion in U.S. fraud case, fund manager charged Read More »
