Category: Tax

Tesla has made it into the S&P 500 ESG Index, despite scoring just six out of 100 on its S&P ESG social score, and coming last out of the five automobile companies in the broader S&P 500 index. In a blog, Daniel Perrone, S&P Dow Jones Indices’ Head of Operations for ESG Indices, said that the electric car giant’s inclusion was based more on it representing 75% of float market cap within the automobile manufacturing group than its ESG score. The S&P 500 ESG Index targets 75% of the float market cap for each industry group, and so Tesla’s exclusion would leave automobile manufacturing underexposed. Perrone cited the inclusion of companies such as Apple and Edison International, which score 25 and 20 out of 100 respectively.

More than 60% of companies surveyed said they consider the EU Emissions Trading System a decisive factor in making investment decisions - up from 27% in 2020 - according to Refinitiv’s Carbon Market Survey. The survey f…