ESG Evaluation in Automobile Industry --Take Ford Motor Company and Tesla Company as Example

Research Article
Open access

ESG Evaluation in Automobile Industry --Take Ford Motor Company and Tesla Company as Example

Ruiqi Yang 1*
  • 1 University of Toronto    
  • *corresponding author joannaaaaa.yang@mail.utoronto.ca
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/17/20231105
AEMPS Vol.17
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-77-5
ISBN (Online): 978-1-915371-78-2

Abstract

With the outbreak of natural disasters and extreme weather, people are paying more and more attention to protecting the environment and society. This society is gradually de-manding more and more from companies. In this context, the new concept of ESG has emerged under the call of the United Nations. This article details MSCI's ESG scoring sys-tem and what it covers. Through the ESC scoring system of MSCI, this paper analyzes Ford Motor Company, represented by gasoline cars, and Tesla Company, represented by electric cars, to reflect the current development of environment, society, and governance in the American automobile industry. We found that the overall ESG development of the American automotive industry still needs to be improved. Companies should also strength-en the development of management social aspects and corporate governance while consid-ering the development of environmentally friendly products.

Keywords:

ESG, Tesla Company, Ford Motor Company, MSCI

Yang,R. (2023). ESG Evaluation in Automobile Industry --Take Ford Motor Company and Tesla Company as Example. Advances in Economics, Management and Political Sciences,17,246-252.
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References

[1]. Bilbeisi, Khamis M., and Moulare Kesse. "Tesla: A successful entrepreneurship strategy." Morrow, GA: Clayton State University 1.1 (2017): 1-18.

[2]. Albuquerque, Rui A. and Koskinen, Yrjo J and Yang, Shuai and Zhang, Chendi, Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks (April 2020). CEPR Discussion Paper No. DP14661, Available at SSRN: https://ssrn.com/abstract=3594293

[3]. Fox, Eva. “Tesla Is Reducing Carbon Footprint by Even Further Improving Its Factories & Products.” TESMANIAN, TESMANIAN, 14 May 2022, www.tesmanian.com/blogs/tesmanian-blog/tesla-reducing-carbon-footprint-even-further-improving-its-factories-products.

[4]. Siddiqui, Faiz. “Tesla Gave Workers Permission to Stay Home Rather than Risk Getting Covid-19. Then It Sent Ter-mination Notices.” The Washington Post, WP Company, 25 June 2020, www.washingtonpost.com/technology/2020/06/25/tesla-plant-firings/.

[5]. Jin, Hyunjoo. “Tesla Recalls Almost Half a Million Electric Cars over Safety Issues.” Reuters, Thomson Reuters, 31 Dec. 2021, www.reuters.com/business/autos-transportation/tesla-recalls-over-475000-electric-vehicles-2021-12-30/.

[6]. J. P. Trovao, "Automotive Electronics Under the COVID-19 Shadow [Automotive Electronics]," in IEEE Vehicular Technology Magazine, vol. 15, no. 3, pp. 101-108, Sept. 2020, doi: 10.1109/MVT.2020.2998710.

[7]. Shepardson, David. “Ford Recalls 100,000 U.S. Vehicles for Fire Risks, Expands Earlier Recall.” Reuters, Thomson Reuters, 8 July 2022, www.reuters.com/business/autos-transportation/ford-issues-new-fire-risk-recall-expands-earlier-call-back-2022-07-08/.

[8]. Delhi, New. “Ford Fires 3,000 Employees as Part of Restructuring.” Edited by Ankita Garg, India Today, India Today, 24 Aug. 2022, www.indiatoday.in/technology/news/story/ford-fires-3-000-employees-as-part-of-restructuring-1991871-2022-08-24.

[9]. Ádám, Tamás. The relationship of corporate governance and pay-for-performance, through the example of Tesla Inc. Diss. BCE, 2020.

[10]. Clark, Kendra. “Ford to Pay $19.2M in False Advertising Settlement over Fuel Efficiency Claims.” The Drum, The Drum, 24 May 2022, www.thedrum.com/news/2022/05/24/ford-pay-192m-false-advertising-settlement-over-fuel-efficiency-claims.

Cite this article

Yang,R. (2023). ESG Evaluation in Automobile Industry --Take Ford Motor Company and Tesla Company as Example. Advances in Economics, Management and Political Sciences,17,246-252.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-77-5(Print) / 978-1-915371-78-2(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.17
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Bilbeisi, Khamis M., and Moulare Kesse. "Tesla: A successful entrepreneurship strategy." Morrow, GA: Clayton State University 1.1 (2017): 1-18.

[2]. Albuquerque, Rui A. and Koskinen, Yrjo J and Yang, Shuai and Zhang, Chendi, Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks (April 2020). CEPR Discussion Paper No. DP14661, Available at SSRN: https://ssrn.com/abstract=3594293

[3]. Fox, Eva. “Tesla Is Reducing Carbon Footprint by Even Further Improving Its Factories & Products.” TESMANIAN, TESMANIAN, 14 May 2022, www.tesmanian.com/blogs/tesmanian-blog/tesla-reducing-carbon-footprint-even-further-improving-its-factories-products.

[4]. Siddiqui, Faiz. “Tesla Gave Workers Permission to Stay Home Rather than Risk Getting Covid-19. Then It Sent Ter-mination Notices.” The Washington Post, WP Company, 25 June 2020, www.washingtonpost.com/technology/2020/06/25/tesla-plant-firings/.

[5]. Jin, Hyunjoo. “Tesla Recalls Almost Half a Million Electric Cars over Safety Issues.” Reuters, Thomson Reuters, 31 Dec. 2021, www.reuters.com/business/autos-transportation/tesla-recalls-over-475000-electric-vehicles-2021-12-30/.

[6]. J. P. Trovao, "Automotive Electronics Under the COVID-19 Shadow [Automotive Electronics]," in IEEE Vehicular Technology Magazine, vol. 15, no. 3, pp. 101-108, Sept. 2020, doi: 10.1109/MVT.2020.2998710.

[7]. Shepardson, David. “Ford Recalls 100,000 U.S. Vehicles for Fire Risks, Expands Earlier Recall.” Reuters, Thomson Reuters, 8 July 2022, www.reuters.com/business/autos-transportation/ford-issues-new-fire-risk-recall-expands-earlier-call-back-2022-07-08/.

[8]. Delhi, New. “Ford Fires 3,000 Employees as Part of Restructuring.” Edited by Ankita Garg, India Today, India Today, 24 Aug. 2022, www.indiatoday.in/technology/news/story/ford-fires-3-000-employees-as-part-of-restructuring-1991871-2022-08-24.

[9]. Ádám, Tamás. The relationship of corporate governance and pay-for-performance, through the example of Tesla Inc. Diss. BCE, 2020.

[10]. Clark, Kendra. “Ford to Pay $19.2M in False Advertising Settlement over Fuel Efficiency Claims.” The Drum, The Drum, 24 May 2022, www.thedrum.com/news/2022/05/24/ford-pay-192m-false-advertising-settlement-over-fuel-efficiency-claims.

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