In May 2022, Tesla chief executive officer Elon Musk famously sent out a tweet that reverberated across the globe, declaring “ESG is a scam”, following the company’s removal from the Standard & Poor’s (S&P) 500 ESG Index, while ExxonMobil remained on the list.
The decision to exclude Tesla, S&P subsequently clarified, was based on the company’s perceived lack of a low-carbon strategy, compared with its peers, as well as reported instances of racial discrimination and poor working conditions at a Tesla factory.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you