"In a blog post Wednesday, the S&P explained why it kicked Tesla out of its ESG index earlier this month.
It said that Tesla’s
- “lack of a low-carbon strategy” and
- “codes of business conduct,”
- along with racism and poor working conditions reported at Tesla’s factory in Fremont, California, affected the score.
Tesla CEO Elon Musk has called ESG metrics the “Devil Incarnate.”
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