In early 2022, the ESG ratings industry attracted attention when electric vehicle manufacturer Tesla Inc. was dropped from the S&P 500 ESG Index. Explaining its decision, S&P cited.
Tesla Inc. was dropped from S&P 500 ESG Index due to lack of internal low carbon strategy, insufficient codes of business conduct, racial discrimination and poor working condition claims at California factory, mishandled federal investigation on autopilot vehicle fatalities.