...Nutrien is doing this to improve their ESG score.
Environmental Social Governance credit scoring is a scoring system that was used originally to rate a company's likelihood of being a good long term bet.The idea is that companies with a record of social/enviromental responsibility would be around longer. thus more attractive to long term investment.So it becomes a thing a company like nutrien chase because there's an incentive to attract capital.
Whether or not its a meaningful metric doesn't matter it has become a tool to leverage "social responsibility" and you can guess who is deciding what is and what isn't socially/envionmentally responsible. This is how Exon is top ten on S&P esg list Tesla gets booted. If Nutrien pulls enough stunts like this it too may be on the top ten list
Environmental Social Governance credit scoring is a scoring system that was used originally to rate a company's likelihood of being a good long term bet.The idea is that companies with a record of social/enviromental responsibility would be around longer. thus more attractive to long term investment.So it becomes a thing a company like nutrien chase because there's an incentive to attract capital.
Whether or not its a meaningful metric doesn't matter it has become a tool to leverage "social responsibility" and you can guess who is deciding what is and what isn't socially/envionmentally responsible. This is how Exon is top ten on S&P esg list Tesla gets booted. If Nutrien pulls enough stunts like this it too may be on the top ten list
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