ESG has become one of the most polarizing topics for companies and across Wall Street. But billionaire hedge fund manager Paul Tudor Jones says that a lot of the pushback simply comes down to how it is framed by critics.
“ESG is incorrectly characterized,” Tudor Jones said on “Squawk Box” on Tuesday. “Certainly, by what the American public tells us, it should be SGE.”
The specific component of “S” that Tudor Jones says should be the focus is workers and job creation.
He was made a recent example of the importance of the ‘G,’ or governance, when it was revealed this week that he was among the investors in bankrupt crypto firm FTX, which has been described as a “complete failure of corporate controls.”
Tudor Jones is the co-founder and chair of nonprofit Just Capital, which released its annual Just 100 list on Tuesday. Its ranking of the top large-cap companies is based on polling of the American public and the issues they say matter most to them when it comes to corporate leadership… read the rest on CNBC here