https://www.scmp.com/rss/513355/feed Flora Wang is director of sustainable Investment at Fidelity International. Based in Hong Kong, Flora leads Fidelity International’s engagement efforts with investee companies in North Asia on ESG issues. Flora is also the assistant portfolio manager for Fidelity’s Sustainable Asia Focus fund. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The decision to remove Tesla from the S&P 500 ESG Index earlier this year seems out of tune with the thinking of many. The world’s largest maker of electric cars is a crucial enabler of a shift away from fossil fuels, yet S&P Dow Jones Indices excluded Tesla from the benchmark index over, among other factors, the company’s labour rights record and lack of a low carbon strategy. Tesla board member Hiromichi Mizuno, a Japanese champion of sustainable investment, said that current ESG ratings give... https://www.scmp.com/comment/opinion/article/3188851/esg-index-dropping-tesla-highlights-need-ratings-rethink?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3188851/esg-index-dropping-tesla-highlights-need-ratings-rethink?utm_source=rss_feed Sun, 14 Aug 2022 19:30:17 +0000