If there’s one company that should be a slam dunk to rate based on environmental, social, and governance factors, it should be cigarette maker Philip Morris. But as it turns out, there’s a lot of disagreement among the major firms that provide ESG ratings.
“If you think about Philip Morris when it comes to ESG, obviously most people would think it’s very negative, and MSCI’s rating is negative,” said Michael Chen, director of portfolio management at Boston-based PanAgora Asset Management.
In actuality, it’s a bit more complicated, Chen added. “Remember ESG is made up of E, S and G,” he said. “From an E perspective, smoke is polluting, so that’s negative, and the S is negative because smoking causes lung cancer and harms people’s health. But Philip Morris has a pretty good governance structure, so Sustainalytics actually has them as neutral. It’s just different preferences at the end of the day.”
Veea Accelerates and Simplifies IoT Solution Development
New IoT Toolkit supports rapid development and deployment of VeeaHub-based IoT applications for a wide range of use cases
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NEW YORK, Dec. 16, 2020 /PRNewswire/ Veea Inc., a pioneer in smart edge connectivity and computing, announces the availability of a comprehensive IoT Toolkit which application developers can use to quickly build, orchestrate and manage highly integrated hybrid edge/cloud IoT solutions at scale on the Veea Edge Platform. Software applications built with the IoT Toolkit, running on a single VeeaHub Smart Edge Node (SEN) or a mesh network of VeeaHubs at the edge, can simultaneously connect to and process data from many different types of IoT devices via a variety of wireless and wired connections. Additionally, the IoT Toolkit incorporates support for IoT Tools for Azure, which allows developers to readily integrate and run Microsoft Azure IoT Edge S