Corporate Governance | Tesla Investor Relations
An overview of Tesla's environmental, social, and governance (ESG) performance and initiatives for the year 2020.
Tesla's core mission is to accelerate the world's transition to sustainable energy. This report details the company's ESG impact, focusing on environmental stewardship, product innovation, supply chain responsibility, and corporate culture.
The report highlights Tesla's efforts to reduce greenhouse gas emissions, including a lifecycle analysis comparing electric vehicles (EVs) to internal combustion engine (ICE) vehicles. Key achievements include enabling customers to avoid emitting 5.0 million metric tons of CO2e in 2020. It also covers battery recycling, waste management, and water usage in manufacturing.
Tesla emphasizes product safety, with vehicles achieving 5-star ratings across major safety programs. The report details advancements in active and passive safety features, cybersecurity measures, and the role of Tesla's energy products (solar and storage) in grid resilience. Fire safety data indicates significantly lower incident rates compared to the industry average.
Tesla is committed to responsible material sourcing, particularly for battery components like cobalt, lithium, and nickel. The company implements stringent due diligence processes to ensure ethical and sustainable practices throughout its complex global supply chain.
Tesla fosters a culture of safety, open communication, and employee development. The report outlines the company's response to COVID-19, human rights policies, employee engagement strategies, and commitment to diversity, equity, and inclusion (DEI). Community engagement and workforce development programs are also detailed.
Sound corporate governance is central to Tesla's operations, with the Board of Directors providing oversight on ESG impacts and priorities. The company adheres to high principles of business ethics and promotes transparency and accountability. Tesla's Code of Business Conduct and Ethics and Corporate Governance Guidelines are available at http://ir.tesla.com/corporategovernance/highlights.
File Info : application/pdf, 94 Pages, 11.41MB
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