Quote (DizzyBusiness @ Apr 6 2023 04:55pm)
Not sure if you would know this sort of thing or not but would a companies ESG rating be affected if it or one of its executives espoused a view on the Ukraine/Russia conflict that goes against the current narrative? Or if it refused to pull out of business dealings in Russia?
Hard to say, depends on the company, size, type of product/service they sell, etc.
I remember when the war started there was massive pressure on corporations to leave. For example, Unilever was getting raked because they didn't immediately leave, because you know selling bars of soap to regular Russians is killing Ukrainians. Most eventually gave in, having to write down hundreds of millions in assets.
Don't really think it's the ESG scores but rather most of these corporations are extremely risk averse and will cut and run for the hills at any sign of sanctions or bad PR.
This post was edited by ofthevoid on Apr 6 2023 03:15pm