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Elon Musk says ESG Should be Deleted, Reports Focus on Supporting EU’s Defense Instead of Energy

Tesla and SpaceX CEO Elon Musk expressed his opinions regarding the Environmental, Social, and Governance (ESG) guidelines, saying it should be deleted if it goes beyond its purpose. One of the many features of the ESG falls into energy for its environmental policies, but it focused on Defense for Europe instead of energy companies.

Elon Musk Wants the ESG to be Deleted if It Sways from Purpose

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NEW YORK, NY – APRIL 4: Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. A federal judge will hear oral arguments this afternoon in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) that seeks to hold Musk in contempt for violating a settlement deal.

The Tech CEO thinks that the ESG is swaying away from its original purpose for the massive guidelines that it holds on the many global factors that it influences. With that, Musk thinks that it “should be deleted” if it will not fix itself to focus on the things that matter the most, including the environment that the CEO is famous for with his many ventures.

For now, Tesla has no significant issues or problems with the ESG, but its CEO has strong words against it for what it reflects in society now. Musk believes that the ESG has been “twisted” on its rules and that the guidelines are now “insane” for what it offers to the world, unlike before as it remained on its focus.

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ESG Guidelines and Sustainable Finance

The ESG is focused on the guidelines that bring strategies and advice to many nations that need it, focusing on the EU region but also imposing their influence on global partners. It also focuses on sustainable finance apart from its acronym words of the environment, the society, and the government, which is a massive factor.

Elon Musk and Massive Entities

The world’s top billionaire is famous for criticizing several entities in the international scene, making him in-depth with many factors that involve global decisions and more. One of his most significant criticisms is the challenge he imposed with the United Nations’ World Food Programme (WFP) and its head to reflect the organization’s transactions.

He also brings his opinions and reactions online, especially those with something to say about Tesla and other of his companies’ technology that the world sees. The CEO is candid with the many things he brings online, reflecting what he stands for, with many people supporting him on his battles and other declarations or announcements.

Musk brings his opinions online and talks about sensitive issues that give him aside on things. The CEO weighs in on the many focuses, and it does not center mostly on his companies and ventures. The ESG dispute now focuses on defense and its funding for this venture, but it is something that the CEO believes should be used for other purposes.

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Written by Isaiah Richard

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