I actually have the quote on why. Tesla was not included because of “a lack of low-carbon strategy”—it sounds kind of weird to me, because they are all about building electric vehicles—and “codes of business conduct”.
I think what we're getting at here is that ESG means a whole bunch of different things to a whole bunch of different people. The fact is, even over the last two or three years, the highest-performing funds in the ESG space all hold oil and gas companies.
If we don't get a handle on what ESG means, and we just slap it on everything, it doesn't really seem like we're going to achieve the objectives, which I think is what Mr. Stewart is also getting at.