Tesla indicates that it is working to increase transparency on its cobalt supply chain and its ultimate goal is to eliminate cobalt completely from its batteries. Tesla has even gone as far as removing some risks from its supply chain. S&P Global, at the ESG Industry Report Card: Autos and Auto Parts, rates Tesla as B-/Negative. Disclaimer: This website may use affiliate links. However, as an automaker we need to look beyond tailpipe emissions, and evaluate the environmental impact of Tesla cars during full lifecycle, from cradle to grave. When confronted by investors demanding better corporate governance, Elon Musk tweeted “This investor group should buy Ford stock. Reading Time: 9 min Low carbon ETFs are an important element when it comes to sustainable investing. Tesla’s 2019 Impact Report is available below. Tesla's mission is to accelerate the world's transition to sustainable energy. Why this environmental impact manager won’t invest in Tesla, even if it makes him underperform. The compensation is heavily dependent on share price and market cap. It cames from 20% in 2006 to 62% in 2020. They also indicate Tesla’s controversy rating as ‘Significant’ (3 out of 5), being the main drivers Corporate Governance and Labour Relations. During operation and use, Tesla EVs are expected to have a smaller environmental impact than ICE, since EVs have zero tailpipe emissions and they enable the use of cleaner energy sources. On January 2 nd, Tesla reported both Q4 and 2020 full year operational performance, once again exceeding Wall Street expectations, but falling just short of total year vehicle delivery performance.. Tesla’s lithium-ion batteries utilize an NCA Cathode makeup, comprised of a Nickel-Cobalt-Aluminum structure. Not an investment advice: The information provided on this website is intended for general information purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Much of the world’s lithium is extracted from brines beneath the deserts of … There are several examples where Tesla had violated labor rights and forced workers to work in unsafe conditions. “Because Tesla recognizes the higher risks of human rights issues within cobalt supply chains, particularly for child labor in the Democratic Republic of Congo, we have made a significant effort to establish processes to remove these risks from our supply chain,” the company wrote. Home | ESG | Is Tesla Sustainable? This improvement is attributed to … The legacy of Tesla: one fact that cannot be denied is Tesla’s influence in the electric vehicle industry and how the company was able to create enough momentum for EVs. Thank you and congratulations! November 12, 2020. He had remarkable achievements in Radio technology and electrical engineering of Serbian descent. When manufactured in Nevada, Tesla’s Gigafactory – expected to run 100% on renewable – emissions would reduce by almost 40%, to 61kg CO2eq/kWh or 30g CO2/km during the car lifetime. However, it is also known that individual transportation is not the most effective and clean way to move passengers from one point to another. We will also assess how well Tesla is fulfilling its mission: “Tesla’s mission is to accelerate the world’s transition to sustainable energy. Accidentally producing the polar opposite of Starship serial number 9 (SN9) completing a trio... Tesla recently shared some footage of its next-generation 4680 battery cells being produced. If you want to find and buy the best clean energy ETFs, you should be aware of the sector megatrends and mitigate risks when investing. According to Tesla’s Impact Report, 550,000 vehicles have been sold, 10,000,000,000 miles have been driven, and more than 4,000,000 metric tons of CO2 have been saved, which, as Tesla highlights, is the “equivalent of saving emissions from being released into the environment from over 500,000 ICE vehicles with a fuel economy of 22 miles per gallon.” In 2017, MSCI gave Tesla a rating of ‘AAA’, reducing it to ‘AA’ in 2018 and now, in 2020, it rates Tesla as ‘A’. For example, for the same Tesla Model 3, emissions associated with the energy used to charge the batteries (fuel cycle) could add 59g CO2/km if charged in the US, 26g CO2/km in the UK, or only 7g CO2/km in France. Tesla revenue hit $6.04 billion during the second quarter of 2020, with about 7% of that, or $428 million, coming from sales of regulatory credits. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.“Green Cars Market is growing at a High CAGR during the forecast period 2020-2026. As you probably know, Tesla prioritizes green energy and sustainable practices. The biggest environmental claim Tesla makes in the report is that its cars have "saved" over four million tons of carbon from being released into the atmosphere. Tesla was named after Nikola Tesla, who was a very successful inventor and scientist of his time. However, the regular auditing and due diligence have helped Tesla maintain responsible labor and material acquisition practices, effectively eliminating any criticism for utilizing Cobalt at the current time. Compensation Committee Report ... which reduces the environmental impact of our annual meeting and our costs. The automaker plans to eventually produce a zero-cobalt battery for its vehicles and energy products, in its bid to source metals in a responsible fashion that maintains not only the integrity of the company but also the human rights of those involved in the sourcing of raw materials. Tesla’s first impact report was only published in 2018. In this post, we will not analyze Tesla’s valuation, nor its stock price. The report explicitly mentions areas notorious for child labor, especially in the field of Cobalt mining. Fernando created Your Green Wealth to help investors find sustainable investing options. Tesla’s first ever diversity report shows its U.S. workforce led mostly by white men ... Equity and Inclusion Impact Report 2020 (U.S). Reading Time: 10 min The iShares Social ETF is one of the oldest and most popular ESG ETFs from iShares. Tesla’s new impact report is only the second it has ever produced. Ultimately, to achieve the environmental targets necesary to avoid climate disruption, we need to change our car-centric culture and invest in public transportation, including electric buses, trains and bikes. The transparency that Tesla provides throughout the Impact Report’s Cobalt Sourcing section shows a responsible process of mining the metal. the country with most road vehicles per inhabitants, individual transportation is not the most effective and clean way to move passengers from one point to another, change our car-centric culture and invest in public transportation, How to Select and Invest in the Best and Most Sustainable Low Carbon ETFs, Best Clean Energy ETFs (Why It’s Time to Revisit Your Old Energy Portfolio), iShares Social ETF: The Good, The Bad and The Ugly, Xtrackers MSCI U.S.A. ESG Leaders Equity ETF, FlexShares STOXX U.S. ESG Impact Index Fund, FlexShares STOXX Global ESG Impact Index Fund. Tesla is far from having a great ESG rating. Tesla has released its environmental impact report for 2019 today, and the report does a lot to address several myths which portray electric vehicles as actually more damaging to the environment than petrol cars. How does Tesla perform in the Governance criteria? PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Tesla, Inc.. Changes in the macro-environment factors can have a direct impact on not only the Tesla, Inc. but also can impact other players in the Auto Manufacturers - Major. Tesla’s First Impact Report Puts Hard Number on CO2 Emissions Emily Chasan , Bloomberg News (Bloomberg) -- Tesla Inc. released its first-ever environmental impact report on Tuesday afternoon, joining the 80 percent of S&P 500 companies who produce glossy-looking and sunny testaments to their own corporate sustainability record. Great analysis, Sasdelli! 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