Twitter CEO Elon Musk again denounced environmental, social, and governance (ESG) standards as “the devil.”
ESG is a set of nonfinancial “standards for a company’s operations that socially conscious investors use to screen potential investments,” according to Investopedia.
ESG stands for environmental sustainability initiatives (“E”), how well management promotes social justice causes (“S”), and the quality of diversity and equity initiatives in the workplace (“G”).
Many conservatives have warned that these standards will enforce “woke” ideology on corporations to their ultimate detriment.
The billionaire owner of Tesla and Twitter has been criticizing ESG standards as a politicized form of social credit score on businesses….