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Some Big Names Added, Dropped from a Popular ESG Index (ETF Trends, 2 min read) The S&P 500 ESG Index is one of the strictest ESG benchmarks. And it has dropped the following names: Clorox, Twitter, Equifax, Ford Motor Company, ViacomCBS, Nordstrom, Southwest Airlines and Walmart. On the other hand, Costco, Facebook and Wells Fargo were added back due to improvements in their ESG scores.
Why Tech Funds Score Highly on Sustainability (City Wire, 4 min read) The best ESG rated funds are tech overweight. The tech sector in general battles with privacy and data issues; however, this remains less of a concern relative to the structural viability and systematic risks that other sectors face. For example, the whole energy sector could collapse if the government imposes strict climate change regulation.