SpaceX was rated the lowest ESG rating by MSCI before going public.

robot
Abstract generation in progress

BlockBeats News, June 21 — According to the UK Financial Times, index provider MSCI awarded SpaceX the lowest level of Environmental, Social, and Governance (ESG) rating, "CCC," prior to its record-breaking $75 billion public offering this month. According to MSCI, this makes SpaceX "lag behind the industry due to its high-risk exposure and failure to manage significant ESG risks."

Frédéric Ducoulombier, Director of the Climate Research Institute at EDHEC Business School, said: "The company's poor controversy assessment, extremely poor governance assessment, and lower overall ESG rating should not come as a surprise. For public market investors, this is very close to a governance horror story."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned