Categories: Automobile

Tesla slips off environmental, social, governance index; Musk calls it a scam

[ad_1]

Tesla also recently criticized ESG metrics as “fundamentally flawed” in an annual report, and in an April tweet Musk said “corporate ESG is the devil incarnate.”

Dorn wrote that an analysis seeking to identify risks to the company stemming from any controversial incidents identified “two separate events centered around claims of racial discrimination and poor working conditions at Tesla’s Fremont factory, as well as its handling of the NHTSA investigation after multiple deaths and injuries were linked to its autopilot.”

Both had a negative impact on Tesla’s score, she said.

The S&P 500 ESG Index is tracked by at least 16 exchange-traded funds, according to the S&P Dow Jones website. Berkshire Hathaway, Johnson & Johnson and Meta Platforms Inc. are among other large companies that also don’t make the list.

Kristin Hull, founder of Nia Impact Capital, a sustainability fund in Oakland, Calif., that has been pressing Tesla to address worker issues, said she was relieved that there was “finally accountability.”

“This move signals to other companies that ESG standards, and improving them, matters,” she said. “And that there will be material, financial implications.”

[ad_2]
Source link
Admin

Recent Posts

Choosing the Perfect Kitchen Cabinets in Toronto

Hey there, Toronto homeowners! If you're diving into a kitchen renovation, one of the most…

7 hours ago

Kijangwin is the latest online video gaming provider

Kijangwin is your brand-new go-to destination for all things internet gaming. Whether you're an informal…

2 days ago

How to Style Trendy Clothes Effortlessly

Hey there, fashion enthusiasts! Are you ready to dive into the world of trendy clothes…

3 days ago

How to effectively recover your frozen/stolen funds from fraudulent platforms

Hey there! If you're reading this, there's a good chance you've found yourself in the…

3 days ago

Important things about Core 2 . 0 regarding Hemp Users

Hey there, hemp enthusiasts! If you've been on the hunt for the next big thing…

6 days ago

Exploring the Features and Benefits of Strio

Hey there! Have you ever found yourself tangled up in the world of communication and…

1 week ago