On May 18, standard & Poor’s Dow Jones index removed Tesla from its S & P 500 ESG index. S & P Dow Jones said Tesla‘s scores on environmental, social and governance standards remained “fairly stable” over the past year, but its ranking fell compared with its improving global peers. The poor working environment and racial discrimination exposed by Tesla Fremont factory, the handling of automatic driving related casualty investigations, and the lack of low-carbon strategy and business code of conduct are all detrimental to it. In addition, large companies such as Berkshire Hathaway, Johnson & Johnson and meta were also excluded from the S & P 500 ESG index.
Margaret Dorn, senior director of North America and head of ESG index of S & P Dow Jones, said in a blog post on the 17th that although Tesla may have played a role in eliminating fuel vehicles, it has lagged behind its peers from a broader ESG perspective.
