TELETRADER News
5/18, 6:31 PM (Source: TeleTrader)
more TeleTrader news

S&P 500 ESG is a scam - Musk

Tesla Inc. CEO Elon Musk blasted on Wednesday the S&P Dow Jones Indices LLC and its ESG (Environmental, Social and Governance) Index after the company was removed from the list earlier in the day. "Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn't make the list! ESG is a scam. It has been weaponized by phony social justice warriors," Musk wrote on Twitter.

The carmaker was excluded from the index due to better performance of "its global industry group peers" and "Tesla's (lack of) low carbon strategy and codes of business conduct," as well as "two separate events centered around claims of racial discrimination and poor working conditions at Tesla's Fremont factory, as well as its handling of the [United States] NHTSA [National Highway Traffic Safety Administration] investigation after multiple deaths and injuries were linked to its autopilot vehicles," according to S&P Dow Jones Indices.

Baha Breaking News (BBN) / MS