Tesla
Whoa! How did you get here? This company profile is not meant to be publicly available. Research on this company is incomplete, and the overall rating has been disabled, but while you are here feel free to have a look at the info we do have.
OVERALL |
|
Owned |
USA |
Rating |
N/A |
Electric automobiles and energy storage
Tesla Inc | USA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Tesla Inc | ||||
This company appears on InfluenceMap's 2021 A-List of Climate Policy Engagement, which identifies 15 corporate leaders advocating for ambitious climate policy across a range of sectors and regions. To qualify, a company must exhibit sufficient support for ambitious climate policy, strategic levels of engagement with climate policy, and leadership in its sector. Links to industry associations egregiously opposing climate policy can disqualify a company from the list. Only 4% of companies evaluated make the A-List.
Source: Influence Map (2021)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021)
The 2022 Global 100 Most Sustainable Corporations in the World list is based on a rigorous assessment of nearly 7,000 public companies with revenue over US$1 billion. All companies are scored on environmental, social, governance and economic metrics relative to their peers, with 50% of the weight assigned to Clean Revenue and Clean Investment. This company ranked #52 in the Global 100, with an overall score of B-.
Source: Corporate Knights (2022) |
As You Sow's 2022 report, 'Road to Zero Emissions', assessed the progress of 55 of the largest U.S. corporations in reducing greenhouse gas (GHG) emissions in line with the Paris Agreement's objective of limiting global average temperature rise to 1.5 degrees Celsius above pre-industrial levels, which requires achieving "net zero" emissions by 2050. Companies are graded on: climate related disclosures; GHG reduction targets, and GHG reductions. This company received an Overall Net Zero grade of F.
Source: As You Sow (2022)
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 7.3%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (2022)
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 13.52/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
In 2018, the US Securities & Exchange Commission (SEC) announced that Elon Musk, CEO and Chairman of this company, had agreed to settle the securities fraud charge brought by the SEC against him because he had posted misleading tweets causing Tesla's stock price to jump which led to significant market disruption. The settlements include requirements that Elon Musk and Tesla each pay a separate $20m penalty. The $40m in penalties will be distributed to harmed investors in a court approved process.
Source: US SEC (2018)
This company received an S&P Global ESG Score of 38/100 in the Automobiles category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 697th of 937 companies, and 11th of 15 Automobiles & Parts companies.
Source: JUST Capital (2024) |
In 2017 the US Justice Department announced that SolarCity Corporation (purchased by Tesla Motors Inc in November 2016 after this alleged conduct) has agreed to pay $29.5m to resolve allegations that it violated the False Claims Act by submitting inflated claims on behalf of itself and affiliated investment funds to the US Dept of Treasury.
Source: US Dept of Justice (2017)
This company received a score of 20/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
In 2018 the Oregon Attorney General announced the State of Oregon received $13m in a settlement with solar distributor Tesla Energy Solutions (formerly known as SolarCity) and its accounting firm Novogradac & Company LLP. The settlement resolves allegations that SolarCity and Novogradac together submitted false applications to the Oregon Dept of Energy resulting in more than $10m in unjustified Business Energy Tax Credits. The violations occurred before Tesla bought Solar City.
Source: Oregon Dept of Justice (2018)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
This company has sustainability and CSR claims on its website under the headings of Environment Impact (including battery recycling, water used, emission credits), Supply Chain (including responsible material sourcing), Product Impact, and People and Culture (including environmental health and safety strategy).
Source: company website (2019)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
This company is a member of the Responsible Business Alliance (formerly the Electronic Industry Citizenship Coalition), a non-profit coalition of electronics companies which supports the rights and wellbeing of workers and communities worldwide affected by the global electronics supply chain. RBA members commit and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains.
Source: RBA (2022)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2018)
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 51.1% (Adequate).
Source: As You Sow (2019)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020) |
Company Details
Type | Public company |
Founded | 2003 |
Contact Details
Address | Palo Alto, California, USA |
Website | www.tesla.com |