Tesla Loses Spot On S&P ESG Index Over Crashes, Work Conditions
Business Standard|May 20, 2022
The world's most famous electric vehicle maker has lost its spot on the ESG version of the S&P 500 Index.
Tesla Loses Spot On S&P ESG Index Over Crashes, Work Conditions

S&P Dow Jones Indices says that Tesla's score on environmental, social, and governance standards has remained "fairly stable" over the past year, but that it has slipped down the ranks against improving global peers.

The index provider also cited concerns related to working conditions and the firm's handling of an investigation into deaths and injuries linked to its driver-assistance systems. A lack of low-carbon strategy and codes of business conduct also counted against Elon Musk's company, it said.

"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," Margaret Dorn, senior director and head of ESG indexes for S&P Dow Jones in North America, said in a Tuesday blog post.

Tesla didn't immediately respond to an emailed request for comment, though writing on Twitter on Wednesday Musk described ESG as a "scam."

هذه القصة مأخوذة من طبعة May 20, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 20, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Manoj Bajpayee: A not-so-definitive biography

Bhiku Mhatre stays with you long after you have watched Ram Gopal Varma's 1998 classic, Satya.

time-read
3 mins  |
May 04, 2024
FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES
Business Standard

FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES

The devastating forest fires in Uttarakhand, captured by satellite images, have brought widespread attention to the extensive destruction they have caused.

time-read
2 mins  |
May 04, 2024
WhatsApp bans record 22 mn accounts in 01 '24
Business Standard

WhatsApp bans record 22 mn accounts in 01 '24

It had blocked 75 million Indian accounts between January and December 2023

time-read
1 min  |
May 04, 2024
Business Standard

T+1 SETTLEMENT REGIME FOR CUSTODIAN BANKS Capital market exposure norms revised

The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCS) in light of the T+1 settlement regime for stocks.

time-read
1 min  |
May 04, 2024
Business Standard

Tighter rules for project finance proposed

The Reserve Bank of India (RBI) on Friday proposed to set a floor for banks' loan exposure for project finance for consortium lending and mandated 5 per cent standard asset in the construction phase.

time-read
1 min  |
May 04, 2024
RBI allows standalone PDs to borrow in foreign currency
Business Standard

RBI allows standalone PDs to borrow in foreign currency

May access overdraft facilities in nostro accounts solely for operational use

time-read
2 mins  |
May 04, 2024
Business Standard

Bajaj Finance stock likely to get a boost after RBI lifts restrictions

The Reserve Bank of India's (RBI's) decision to lift curbs on Bajaj Finance's two products earlier than expected sent the stock on a tear on Friday.

time-read
2 mins  |
May 04, 2024
Business Standard

REC powers ahead on strong Q4 and healthy outlook

An improving NPA (non-performing asset) situation coupled with a higher loan disbursal has led to renewed interest in non-bank financier REC, which is the nodal agency for major central power programmes such as Revamped Distribution Scheme (RDSS), Saubhagya, DDUGJY, and Rooftop Solar (RTS).

time-read
2 mins  |
May 04, 2024
FPIs domiciled at GIFT City allowed to issue P-notes
Business Standard

FPIs domiciled at GIFT City allowed to issue P-notes

Move could boost issuance, drive flows into domestic mkts: Experts

time-read
2 mins  |
May 04, 2024
Business Standard

Have some risk appetite? Invest in highly rated company FDs

While they offer higher returns than bank FDs, they are not protected by deposit insurance

time-read
2 mins  |
May 04, 2024