Was ESG Behind the Bud Light Controversy?

Environmental, Social and Governance (ESG) is a concept for scoring companies on criteria other than fiscal performance. However, this is not just a consumer facing "nutrition label". It is now being used to direct investments which puts companies with a low ESG score at a financial disadvantage. What does it take for a company to raise their ESG score? In theory it just requires good environmental, social and governance practices.

But the definition of "good" is in the eye of the beholder and appears to be poorly defined. A Forbes article speculated that Anheuser-Busch entered into a partnership with Dylan Mulvaney in an attempt to boost their Corporate Equality Index (CEI) which would likely increase their ESG rating.

https://finance.yahoo.com/quote/BUD?p=BUD&.tsrc=fin-srch

https://nypost.com/2023/04/13/no-one-at-senior-level-of-bud-light-knew-of-dylan-mulvaney-ad-campaign/

https://www.esg.org/what-is-esg

https://www.seattletimes.com/business/nw-salmon-sent-to-china-before-reaching-us-tables/

https://www.wsj.com/articles/u-s-seafood-industry-vulnerable-to-tariffs-aimed-at-china-1533812400

https://www.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us

https://www.healthline.com/nutrition/how-to-read-food-labels

https://www.dol.gov/newsroom/releases/ebsa/ebsa20221122

https://www.reuters.com/business/sustainable-business/biden-vetoes-resolution-block-labor-dept-rule-esg-investing-2023-03-20/

https://www.fnlondon.com/articles/etherum-citi-goldman-sachs-jupiter-crypto-shanghai-upgrade-20230414

https://www.forbes.com/sites/jonmcgowan/2023/04/12/was-bud-lights-dylan-mulvaney-decision-about-esg/?sh=3d50b4178ba4

https://www.hrc.org/resources/corporate-equality-index

#esg
#cei
#budlight
#anheuserbusch