Environmental, Social and Governance (ESG) is a concept for scoring companies on criteria other than fiscal performance. However, this is not just a consumer facing "nutrition label". It is now being used to direct investments which puts companies with a low ESG score at a financial disadvantage. What does it take for a company to raise their ESG score? In theory it just requires good environmental, social and governance practices.
But the definition of "good" is in the eye of the beholder and appears to be poorly defined. A Forbes article speculated that Anheuser-Busch entered into a partnership with Dylan Mulvaney in an attempt to boost their Corporate Equality Index (CEI) which would likely increase their ESG rating.
https://finance.yahoo.com/quote/BUD?p=BUD&.tsrc=fin-srch
https://nypost.com/2023/04/13/no-one-at-senior-level-of-bud-light-knew-of-dylan-mulvaney-ad-campaign/
https://www.esg.org/what-is-esg
https://www.seattletimes.com/business/nw-salmon-sent-to-china-before-reaching-us-tables/
https://www.wsj.com/articles/u-s-seafood-industry-vulnerable-to-tariffs-aimed-at-china-1533812400
https://www.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us
https://www.healthline.com/nutrition/how-to-read-food-labels
https://www.dol.gov/newsroom/releases/ebsa/ebsa20221122
https://www.reuters.com/business/sustainable-business/biden-vetoes-resolution-block-labor-dept-rule-esg-investing-2023-03-20/
https://www.fnlondon.com/articles/etherum-citi-goldman-sachs-jupiter-crypto-shanghai-upgrade-20230414
https://www.forbes.com/sites/jonmcgowan/2023/04/12/was-bud-lights-dylan-mulvaney-decision-about-esg/?sh=3d50b4178ba4
https://www.hrc.org/resources/corporate-equality-index
#esg
#cei
#budlight
#anheuserbusch
But the definition of "good" is in the eye of the beholder and appears to be poorly defined. A Forbes article speculated that Anheuser-Busch entered into a partnership with Dylan Mulvaney in an attempt to boost their Corporate Equality Index (CEI) which would likely increase their ESG rating.
https://finance.yahoo.com/quote/BUD?p=BUD&.tsrc=fin-srch
https://nypost.com/2023/04/13/no-one-at-senior-level-of-bud-light-knew-of-dylan-mulvaney-ad-campaign/
https://www.esg.org/what-is-esg
https://www.seattletimes.com/business/nw-salmon-sent-to-china-before-reaching-us-tables/
https://www.wsj.com/articles/u-s-seafood-industry-vulnerable-to-tariffs-aimed-at-china-1533812400
https://www.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us
https://www.healthline.com/nutrition/how-to-read-food-labels
https://www.dol.gov/newsroom/releases/ebsa/ebsa20221122
https://www.reuters.com/business/sustainable-business/biden-vetoes-resolution-block-labor-dept-rule-esg-investing-2023-03-20/
https://www.fnlondon.com/articles/etherum-citi-goldman-sachs-jupiter-crypto-shanghai-upgrade-20230414
https://www.forbes.com/sites/jonmcgowan/2023/04/12/was-bud-lights-dylan-mulvaney-decision-about-esg/?sh=3d50b4178ba4
https://www.hrc.org/resources/corporate-equality-index
#esg
#cei
#budlight
#anheuserbusch
