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Tesla removed from the S&P 500 ESG Index

18 May 2022 19:48 (UTC +04:00)

Electric carmaker Tesla Inc. was removed on Wednesday from the S&P 500 ESG Index by S&P Dow Jones Indices, APA reports citing Teletrader.

Among the reasons for the decision were pointed issues such as racial discrimination, lawsuits against the company, and its handling of a government investigation following accidents involving its autopilot vehicles.

"Tesla was ineligible for index inclusion due to its low S&P DJI ESG Score, three of which fell in the bottom 25% of its global GICS® industry group peers," said Maggie Dorn, Senior Director and Head of ESG Indices, North America at S&P Dow Jones Indices.