A Tesla electric car is charged in Berlin on May 27. Tesla, a company at the forefront of making technological breakthroughs to reduce the use of fossil fuels, has been dropped from the S&P 500 ESG index. Photo: AFP
A Tesla electric car is charged in Berlin on May 27. Tesla, a company at the forefront of making technological breakthroughs to reduce the use of fossil fuels, has been dropped from the S&P 500 ESG index. Photo: AFP
Chee Yik-wai
Opinion

Opinion

The View by Chee Yik-wai

ESG is not a scam, but much work remains to define and standardise it

  • The lack of a coordinated approach to define these now common corporate obligations is confusing investors, and the reliance on self-reporting makes it easier for companies to resort to greenwashing
  • Elon Musk’s anger at Tesla being dropped by an ESG index is not without basis

A Tesla electric car is charged in Berlin on May 27. Tesla, a company at the forefront of making technological breakthroughs to reduce the use of fossil fuels, has been dropped from the S&P 500 ESG index. Photo: AFP
A Tesla electric car is charged in Berlin on May 27. Tesla, a company at the forefront of making technological breakthroughs to reduce the use of fossil fuels, has been dropped from the S&P 500 ESG index. Photo: AFP
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