Ratings Agencies Pile-Drive ESG Rankings Into Credit Scores

Elon Musk is not a fan of Environmental, Social and Governance ratings. On June 10 he tweeted, “Why ESG is the devil,” in response to an article that explained how S&P Global gave Phillip Morris International a higher score than Tesla.

Aaron Sibarium of the Washington Free Beacon wrote at the time, “the electric car company….earned just 37 points on the 100-point scale compared with the cigarette giant’s 84.”

 

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