Tesla, the world’s most well-known electric vehicle (EV) maker, has been excluded from the composition of the US S & P500 ESG index, which focuses on ESG (environment, society and corporate governance).
S & P Dow Jones & Company explained that Tesla’s ESG score has been “very stable” over the past year, but has dropped due to improved scores from its peers around the world.
S & P Dow Jones also noted concerns over Tesla’s response in investigating fatal and injured accidents related to the working environment and autonomous driving systems. The lack of a low-carbon strategy and norms regarding business performance were also negative factors.
I asked Tesla for comment by email, but I haven’t received a response so far. However, CEO Elon Musk criticized ESG as a “fraud” in a tweet on the 18th.
“According to the S & P500, Exxon is among the top 10 companies in the world for ESG, while Tesla wasn’t on the list,” Musk said. “ESG is a scam. It’s a weapon of fake social justice warriors.” It has become. “
Original title:Tesla Loses S&P ESG Index Spot on Crashes, Work Conditions (1)(excerpt)
(I will update it with Mr. Musk’s reaction)