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Tesla’s Removal From the S&P 500’s ESG Index Proves it’s a Scam

by Toby Young
31 May 2022 10:28 AM
Elon Musk, chairman and chief executive officer of Tesla Motors Inc., speaks in front of a Tesla Model S electric car on day two of the 2010 North American International Auto Show in Detroit, Michigan, U.S., on Tuesday, Jan. 12, 2010. The 2010 Detroit auto show runs through January 24 and features 60 new vehicle premieres. Photographer: Daniel Acker/Bloomberg via Getty Images

Elon Musk, chairman and chief executive officer of Tesla Motors Inc., speaks in front of a Tesla Model S electric car on day two of the 2010 North American International Auto Show in Detroit, Michigan, U.S., on Tuesday, Jan. 12, 2010. The 2010 Detroit auto show runs through January 24 and features 60 new vehicle premieres. Photographer: Daniel Acker/Bloomberg via Getty Images

Ever since Elon Musk announced his intention to buy Twitter, the woke left and its outriders in the mainstream media have done their best to discredit him, whether it’s dredging up old sexual harassment allegations, running hostile profiles in the New York Times or portraying him as a Bond supervillain on CNN. But the latest attempt at character assassination – kicking Tesla off Wall Street’s ESG Index – may turn out to be a spectacular own goal. The Washington Times has more.

This index is a “broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria while maintaining similar overall industry group weights as the S&P 500”. Translated, this list is meant to highlight the largest publicly traded companies in the U.S. that adhere to ESG standards. These standards include sustainability initiatives (the ‘E’), how well the company promotes social causes within and without (the ‘S’), and the diversity of a company’s staff as well as the quality of the code of conduct it enforces (the ‘G’).

Meeting ESG standards is not exactly something to wear like a badge of honor. They are malleable and reward companies only if they promote the causes the woke left cares about, which are becoming increasingly fringe and radical. Lockheed Martin is a classic case study in the mutability of ESG standards. Recently, the company has been “aggressively positioning” itself as a ‘deterrence’ company rather than a ‘defense’ company. But the change in name doesn’t change the fact that they make weapons – it’s just a way to make weapons creation more palatable.

Margaret Dorn, senior director and head of ESG Indices, responded to Mr. Musk, saying that Tesla didn’t make the cut because of its “lack of a low-carbon strategy” and “codes of business conduct”.

Ms. Dorn’s first reason for kicking Tesla off the list illustrates just how capricious and superficial ESG guidelines and those who measure them tend to be. How is it that Tesla, a company whose mission is “to accelerate the world’s transition to sustainable energy”, does not meet environmental standards? The woke left was happy to rally around electric vehicles when talking about the necessity of passing Mr. Biden’s roughly $2 trillion Build Back Better budget. But when it comes to recognising a company that is actually making those vehicles and working toward a greener future, they couldn’t care less. Additionally, as Mr. Musk mentioned in his tweet, the fact that oil company Exxon was included in the index is enough to destroy the index’s credibility.

Worth reading in full.

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

Tags: Elon MuskESGS&P 500

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46 Comments
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varmint
varmint
9 months ago

“Let’s make Climate Change the central organising principle of civilisation” —John Kerry.
There is nothing that the One World Government people won’t do to do stuff climate change panic down everyone’s throats. They will say anything, do anything, lie, cheat, steal and brainwash———But all for the “greater good”. ——Assuming that the “greater good” is a world run by technocrats at the UN/ WEF who no one ever heard of or voted for.

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Mogwai
Mogwai
9 months ago
Reply to  varmint

Exactomondo ( again ), and I think Ivor Cummins does a great job at explaining where all of this crazy BS originates in this 20min vid. This’ll be teaching you how to suck eggs but for others less well read I think he provides a fantastic explainer here.
Sorry not sorry to the resident misogynists and obsessives but Ivor doesn’t mention feminism as being the cause of the downfall of civilization once. Perhaps try following the money for a change. In fact, ”Gender equality and the empowerment of women” is yet another agenda being pushed by these *largely male-dominated* elites and globalist entities, along with climate, Digi I.D, mass immigration and Scamdemics. As ever, I apportion blame for the decimation of society where it rightly belongs, which this vid covers very clearly;

”Fascism, Communism or something else – which is it running the world today?”

https://x.com/FatEmperor/status/1765361884641845527

6
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Mogwai
Mogwai
9 months ago
Reply to  Mogwai

These guys seem to be mad keen on all things gender identity and DEI-related. I think the ‘Alphabet Mafia’ must be happy to receive support from such big players. From 2020;

”As the world continues to grapple with the unprecedented global health crisis of COVID-19, the scale of the related global economic crisis is becoming increasingly clear. We are facing the sharpest economic contraction since the Great Depression in the 1930s, according to the United Nations – threatening to roll back decades of progress in the fight against poverty.
At the same time as taking emergency measures to minimize the immediate economic impacts of the pandemic, governments around the world are looking to position themselves for recovery. A new analysis of economic resilience offers a potential clue to which economies may be able to recover faster: LGBT+ inclusion is correlated to the resilience of a country’s economy.

The analysis by Open For Business, a coalition of companies advancing LGBT+ equality, shows a strong positive correlation (0.67) between how resilient an economy is and how accepting it is of LGBT+ people (see the chart below). This is a significant finding: a one-point increase in social acceptance suggests a three-point increase in that economy’s economic resilience index, even when controlling for GDP per capita. Could LGBT+ inclusion be a secret ingredient for economic resilience?

The connection between resilience and inclusion is widely accepted by policy-makers. The World Bank describes “inclusive communities” as a key dimension of sustainable, resilient cities. The OECD identifies “inclusive society” as a driver of resilience in a city. The IMF contends that an economy is “more fragile and less resilient when it is not inclusive”. A report by UN Habitat finds that inclusion is required for a “successful urban resilience agenda”.
Now is the time to be embracing LGBT+ communities, not stigmatizing them. Creating inclusive societies isn’t just the right thing to do; as the evidence shows, it’s an important part of an economic strategy focused on resilience and recovery.”

https://www.weforum.org/agenda/2020/06/lgbt-inclusion-cities-post-covid-reset-recovery/

Last edited 9 months ago by Mogwai
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10navigator
10navigator
9 months ago
Reply to  Mogwai

Useful summary, but I did find myself trying to predict the next “Yadda, yadda, yadda.”

2
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varmint
varmint
9 months ago
Reply to  Mogwai

Cheers——–I am in the Climate Change Department when it comes to attacking the Progressive left and their One World Government aspirations all based on a pack of lies. You know they are lying when they want to lock you up for being a “denier”. ——-So that is where my focus is and has been since 2007. I won’t therefore be as knowledgeable on Gender, pandemics and vaccine stuff as others like yourself. But I can see that if anything comes out of the UN where 70% of the Nations are run by Kings, Colonels, Tyrants and Dictators, then I want NOTHING TO DO WITH IT, and neither should anyone who appreciates freedom and prosperity, because these people have a goal. That goal is to remove all of that.

6
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RTSC
RTSC
9 months ago
Reply to  Mogwai

Yes, but that’s because they want population reduction and “gender, equality and the empowerment of women” is part of the process to achieve it.

4
0
Mogwai
Mogwai
9 months ago
Reply to  RTSC

Yes but you can’t have it both ways. We constantly hear about how many countries have a birth rate below replacement level, on the surface the ‘solution’ to this is to just keep shipping in migrants from far away lands. That’s their excuse anyway. And yet we scratch the surface and see who is behind the orchestration of this, from way back when, and all other agendas being pushed. It’s the usual suspects; Rockefeller, Club of Rome, UN, WEF, ‘Big Finance’, the WHO obviously play a big role with the scamdemic element. But all of the agendas our governments are pushing are coming from the same shady organizations. They create the ‘problem’ then supply the ‘solution’, thereby deconstructing and reconfiguring our societies to their liking. How many cabinets do you suppose Schwab has penetrated by now in order to make this all possible? We refer to them as ‘puppet politicians’ for a reason, after all.

4
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True Spirit of America Party
True Spirit of America Party
9 months ago
Reply to  Mogwai

Agreed. Feminism, gender equality, and empowerment of women are not the problem per se at all. Rather, it has been co-opted, appropriated, neutered, watered down, and twisted and perverted by the oligarchy for their own nefarious ends.

3
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Mogwai
Mogwai
9 months ago
Reply to  True Spirit of America Party

Yes, quite. It reminds me of the whole ‘Pride’/LGB movement, whereby once the T+ people got onboard and hijacked it we now have something unrecognizable from what its original objective was, not to mention extremely toxic and sinister for kids and vulnerable young people to be exposed to. Operating like a cult, essentially. No wonder at all that gays, lesbians and bis wish to distance themselves from the ‘Transtifa’ banshee mob.
Similarly, I’d hazard a guess that most women who identify themselves as feminists don’t go around hating men, looking to score ‘microaggression’ points wherever they can and advocating that a woman should have the right to abort a baby at full term. These people are both deranged and heinous.

You don’t need to wear the label of ‘feminist’ to fight the trans agenda and speak out about protecting female sports and single-sex spaces because obviously men should be onboard with doing this anyway. Fathers do have daughters and they should be stepping up to the plate just as much as women, who are impacted the most. Huge respect too for the self-identified feminists who are doing great work in third world countries and tackling gender apartheid and all the horrific abuses/stories we’re all well aware of which come out of certain countries by now. I think we all know that Islam plays a major part here. But again, I would argue that the whole ‘feminism’ angle is now unnecessary and obsolete because what we have here is a human rights issue, therefore is it not better to refer to oneself as a ”human rights activist” as opposed to ”feminist”? Also this way it involves men and non-feminist women.

I personally just feel feminism as a movement has had its time, everything nowadays, whether in the Western world or developing ( including Muslim/Arab ) world falls under ‘human rights abuses’. The ‘F’ word has now become quite a divisive and out dated concept.
Anyhoo True, don’t be a stranger. 🙂

5
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True Spirit of America Party
True Spirit of America Party
9 months ago
Reply to  Mogwai

Well-said.

2
0
Mogwai
Mogwai
9 months ago
Reply to  True Spirit of America Party

Do you think this lady’s a raging militant feminist or just an assertive woman sticking up for her human rights? I do hope she’s okay though as I’ve seen how the evil f***ers operate over there;

”In Iran, the ‘morality police’ gets shouted at by woman who refuses to cover up:

“Shut the f*ck up. I sh*t on your law.”

https://x.com/NiohBerg/status/1825101102682939897

3
0
True Spirit of America Party
True Spirit of America Party
9 months ago
Reply to  Mogwai

I personally consider her a hero.

2
0
Douglas Brodie
Douglas Brodie
9 months ago

My recent debunking of the climate change hoax: can anyone rebut it?https://metatron.substack.com/p/debunking-the-climate-change-hoax

5
0
varmint
varmint
9 months ago
Reply to  Douglas Brodie

You posted that link a month or so ago. ——I read it back then ad I have been saying pretty much the same as that since I first started to investigate this issue back in 2007. –cheers

1
0
FerdIII
FerdIII
9 months ago

Child bride marriages found are exclusively in the cults of Muhammad and the Hindu cult.
These travesties of abuse and slavery have nothing to do with the weather.
There, fixed the article for everyone.
Hopefully I won’t be imprisoned for stating the truth.

9
0
varmint
varmint
9 months ago
Reply to  FerdIII

Ah yes “The Truth”——What is that again? —-Or as Mark Twain joked “A lie spreads half way around the world while the truth is still tying it’s laces”——The Progressive left’s lies have spread all over the western world and the only way they can avoid being exposed is to silence all debate, and call your truth a hate crime.

Last edited 9 months ago by varmint
5
0
RTSC
RTSC
9 months ago

A couple of years ago it was Covid that was causing an increase in child marriages.

I wish the propagandists would make their mind up.

Personally, I think it’s because Pakistan is a backward, Islamic State where females are treated like property and like any “commodity” they can be bought and sold for a price.

11
0
soundofreason
soundofreason
9 months ago
Reply to  RTSC

The article suggests that economic insecurity drives child abuse marriage. I’m not convinced that a reasonable response to economic insecurity is to rape a child.

However, the biggest recent cause of economic insecurity was the lockdowns. People in the developing world lost their livelihoods when the West stopped buying tat for a while.

5
0
Gerry England
Gerry England
9 months ago

As Homewood notes, many have concluded that the BBC’s coverage of climate change cannot be trusted.

And the same can be said for most of the BBC’s output.

9
0
D J
D J
9 months ago

Drought de signeur!
Copied from elsewhere.

3
0
True Spirit of America Party
True Spirit of America Party
9 months ago
Reply to  D J

Classic Horseshoe Theory in action.

2
0
PRSY
PRSY
9 months ago

Where does this sit relative to Mrs Balls’ proposal for extreme mysogeny = terrorism? Has she thought it through, or do cultural norms get a pass?

6
0
soundofreason
soundofreason
9 months ago
Reply to  PRSY

Cultural Norm? Yeeha! Squeal piggy, squeal!

3
0

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