Finance

Maybe There’s No Such Thing as an ESG Stock

The usually dull sector was turned on its head last week by two unlikely events. Together, they point up some thorny contradictions.

Tesla’s ESG defenestration by S&P has shined a light on the underlying contradictions to many ESG ratings.

Photographer: Liesa Johannssen-Koppitz/Bloomberg
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The usually mundane world of ESG was turned on its head last week by two sector-shaking events.