When Tesla was knocked out of Sustainability Index

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When Tesla was knocked out of Sustainability Index

Post autor: jiraporn66 » 13 cze 2022, 5:53

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Tesla, the company that promotes green innovation, has beenสล็อต วอเลทousted from the S&P 500 Index's annual sustainability index.

While other big tech companies such as Microsoft, Apple, Amazon and even oil company Exxon Mobil continue to top the index.



S&P Claims Tesla Lacks Adequate Carbon Emissions Policy In addition, there are problems in business ethics. It's the main reason for the electric giants' move away from the sustainability indicator, or ESG Index (environmental, social and governance index).

The S&P 500 ESG Index is a sustainability indicator used by investors worldwide to assess large corporations' stocks in environmental, social, and fair and sustainable treatment of their customers, employees and other stakeholders. which is updated every year

The reason why Tesla failed to meet the S&P 500 this year was because the company lacked an adequate carbon emissions control strategy. and have trouble complying with the Code of Business Conduct Especially the problem of racism and the harsh working environment in the Fremont factory. california

Additionally, the company's approach to investigations into frequent accidents involving its vehicles is also another factor that negatively affects the score.

Despite Tesla's push for a "sustainable" energy transition as its core "mission," it ranks (22 out of 100) among the most polluting companies on the Toxic 100 Air Polluters Index. Made by U-Mass Amherst Political Economy Research Institute (worse than Exxon Mobil at #26).


In addition, the company's quarterly report also revealed that The company is being investigated by the state of California for its waste disposal.

The company was also sued by the California Department of Fair Employment and Housing for discrimination at its Fremont factory. There is evidence that black workers are placed in low-level, high-risk jobs. And when there is a complaint, it will be bullied.

S&P 500 admits Tesla is helping to reduce the number of fossil-fueled cars on the road But if you look at the overall ESG aspect, the company is still very much behind other companies.

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