Analysis of Tesla’s Sustainable Development Strategy from the Perspective of ESG

School of Computer Science, Harbin Cambridge College, Harbin, China

^* Corresponding author: Yanghaonan2004@outlook.com

Abstract

With the implementation of the “dual carbon” policy, the goals of carbon peak and carbon neutrality have become important goals of the world’s automotive industry today. As an electric car manufacturer, Tesla’s development process and strategic decisions largely reflect the important principles of current corporate sustainable development. This paper systematically analyzes Tesla’s sustainable development practices from the perspective of environment, society and corporate governance (ESG). First, from the perspective of environmental protection, by promoting emission-free electric vehicles, Tesla has achieved great results in reducing its carbon footprint, and has made remarkable achievements in innovation in the field of renewable energy. Secondly, this paper analyzes Tesla’s performance in social responsibility, including customer service and safety, attention to employee rights and interests, and participation in social welfare. Thirdly, this paper evaluates the characteristics of Tesla’s corporate governance system, such as risk control, board diversity, and transparency of information disclosure. Finally, this paper proposes key areas that Tesla needs to pay attention to in the process of further promoting sustainable development, and provides suggestions for its future strategic planning. Generally, this paper strives to comprehensively evaluate Tesla’s sustainable development practices from the perspective of ESG and provide valuable reference experience for other companies.