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Tesla has been excluded from the S index
“ESG is an outrageous scam! What a shame S
Here’s why Tesla excluded itself from the sustainability-focused inventory index this week.
Tesla’s inventory has been kicked out of the S index
S
But Tesla, which is the fifth largest asset of the S
“ESG is an outrageous scam! Shame for S
Digging deeper, there were several reasons why Tesla’s inventory was excluded from the index despite its commitment to moving the world toward cleaner energy, according to S.
“Above all, the GICS trade organization in which Tesla is evaluated has noticed an overall increase in its ESG S score.
This makes sense given that classic carmakers have accelerated their efforts to enter the electric vehicle sector over the past year.
Tesla’s lack of a low-carbon strategy and codes of conduct also contributed to the fallout from the index, as did the company’s exposure to the dangers arising from its involvement in questionable incidents.
“A media and stakeholder investigation known on two separate occasions focused on allegations of racial discrimination and malfunctioning situations at Tesla’s Fremont plant, as well as its handling of the NHTSA investigation after several deaths and injuries were related to its Autopilot vehicles, “he said. ” reported S.
These events led to a lower ESG score for Tesla, leading to its removal from the index.
“While Tesla would possibly be betting its component by taking gasoline-powered cars off the road, it has fallen in front of its peers when viewed from a broader ESG perspective,” S concluded.
Tesla’s inventory fell about 5% in the industry on Wednesday amid a sell-off in the market.
Read the article on Business Insider