The Stock Market introduced ESG Index – to measures a companies “sustainability”

The S&P 500 ESG Index(Environmental, Social and Governance) was launched January 28, 2019, just days after a WEF ESG white paper was released. [1]

The white paper was produced in collaboration with Allianz SE and Boston Consulting Group. [2]

The white paper states that the “role of the private sector in society is evolving. As the global community aims to deliver on the United Nations’ Sustainable Development Goals for 2030, citizens, governments and investors are looking increasingly to companies to take a leading role in addressing critical societal challenges.”  “The evidence continues to mount that integrating environmental, social and governance (ESG) considerations into investment and company management helps deliver superior performance and long-term financial returns.”

Tesla’s ESG score rated poorly where as the heavy carbon producer EXXON rates in the top 10!