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Re:Companies with good ESG scores pollute as much as low-rat... by eli on Wednesday August 02, 2023 @05:21PM (#36977690)
> They report these numbers because they are used to calculate the company’s ESG score. More diversity = higher score, where diversity is defined as fewer white people.

Where do you see that? That's not part of the criteria for my Vanguard ESG fund.

Re:Companies with good ESG scores pollute as much as low-rat... by Dig1t on Wednesday August 02, 2023 @06:28PM (#36978640)
“What's #ESG Score and How it is calculated”

https://www.linkedin.com/pulse/whats-esg-score-how-calculate....

“There are several organizations and rating agencies that calculate ESG score”

“Corporate Knights: Corporate Knights is a media and research company that publishes an annual ranking of the world's most sustainable corporations. Their methodology evaluates companies based on a range of ESG factors, including carbon productivity, diversity and inclusion, and clean revenue.”

From the Corporate Knights website itself:

“All publicly-traded companies with over US$1 billion in revenue are assessed across 25 key performance indicators, including % sustainable revenue, % sustainable investment, % taxes paid, carbon productivity, and racial and gender diversity.”

Re:Companies with good ESG scores pollute as much as low-rat... by eli on Wednesday August 02, 2023 @06:35PM (#36978739)
Corporate Knights is a free insert in newspapers that gives out a bunch of awards. They are not a fund manager and to my knowledge are not used by fund managers.

In any event they’re talking about board member diversity, not company employees.