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."
This story is from the May 20, 2022 edition of Business Standard.
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This story is from the May 20, 2022 edition of Business Standard.
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