Tesla founder Elon Musk made his stance on environmental, social and governance (ESG) ratings unmistakably clear in June 2023 when he posted “ESG is the devil” on his social media platform, X. Musk, a well-known critic of ESG, made the comment in response to a report that cited poor ESG scores for his electric vehicle company, Tesla—ironic, considering the environmental benefits of Tesla’s products.
Canadian companies are using social media to boost their ESG credibility, but investors aren’t buying it
