With a mission “to accelerate the world’s transition to sustainable energy,” Tesla should be a shoe-in for investors with environmental, social and governance (ESG) concerns. Yet, with controversial corporate practices related to ESG factors, the investment decision for responsible/sustainable investors is not so straightforward.
Despite lofty goals that could revolutionize the automobile industry with an inherently “good” product – making zero-emission electric vehicles mainstream, Tesla investors also have to consider their material ESG issues in their corporate practices and policies.