“While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens,” said Margaret Dorn, senior director and head of ESG indices, North America, at S&P Dow Jones Indices.
Tesla may be regarded by many as a revolutionary in the switch to cleaner-burning cars, but its early-to-market feat isn’t enough to protect its stock listing in one of mostly widely followed environmental, social and governance indexes.
Tesla’s S&P DJI ESG score has remained fairly stable year-over-year but it was pushed further down the ranks relative to its global industry group peers, S&P said. Most major corporations tell customers and shareholders they’re working toward zero greenhouse gas emissions in the coming years and decades, doing their part to slow global warming. But the speed of progress varies. And many still rely on buying permission to pollute through carbon offsets rather than changing how they source energy, the As You Sow investing group charged. Others, even environmental groundbreaker Tesla, earned poor marks for not publicly sharing emissions data at all.
But the index has also maintained a posture that keeps it closely tracking, at least by industry weight, the broader S&P 500 SPX, -4.04%. S&P claims it can continue this alignment while enhancing the overall sustainability profile of the index.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk Goes On The Attack After Tesla Cut From S&P ESG IndexThe world’s leading maker of electric vehicles has been cut from S&P’s index for environmentally conscious investors due to flaws in its business conduct and, ironically, low-carbon strategy.
Baca lebih lajut »
Tesla removed from S&P 500's ESG index; Musk respondsFactors that contributed to Tesla's lower score include its lack of 'low carbon energy and codes of business conduct.'
Baca lebih lajut »
Why Tesla Was Kicked Out of the S&P 500's ESG IndexThe S&P says it kicked Tesla off its ESG index due to the company's 'lack of a low-carbon strategy' and 'codes of business conduct,' along with racism and poor working conditions reported at its factory in Fremont.
Baca lebih lajut »
Starbucks joins Microsoft, Amazon, Tesla, Goldman and others covering travel costs for abortionsAfter a draft of a Supreme Court opinion that would abolish a nationwide right to an abortion was leaked, a handful of companies started issuing policies helping workers who faced health care restrictions in their state.
Baca lebih lajut »
Tesla Semi Order Books Are OpenCustomers can now order the Tesla Semi electric Class 8 truck that has been in development for the past 4 years.
Baca lebih lajut »
Tesla to expand select UK Superchargers to other electric vehicles | AutocarGreat news for electric vehicle drivers - Tesla is opening up some of its charging network to non-Tesla owners in the UK
Baca lebih lajut »