Tesla and SpaceX CEO Elon Musk condemned “ESG” standards — a growing trend in corporate America to make businesses more “socially conscious.”
Environmental, Social, and Governance (ESG) criteria are “a set of standards for a company’s operations that socially conscious investors use to screen potential investments,” according to Investopedia. For instance, a company may emphasize its use of green energy, association with LGBTQ suppliers, or otherwise arrange its operations such that producing shareholder value is inseparable from a leftist agenda.
