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Tesla shareholders reject ESG-linked compensation and workers’ rights proposals

Another rejected proposal urged Tesla to commit to a moratorium on deep sea mining, following the lead of BMW, Volvo, Volkswagen, Rivian, and Renault.
Melodie Michel
Tesla shareholders reject ESG-linked compensation and workers’ rights proposals
Photo by Paul Steuber on Unsplash

Shareholders at Tesla’s annual general meeting (AGM) have rejected proposals to enhance workers’ rights and transparency at the firm, as well as one seeking to link executive compensation to ESG performance.

The measures rejected at last week’s AGM include the production of a report on employee harassment and discrimination, allowing employees to form or join unions, imposing a moratorium on sourcing minerals from deep-sea mining, and linking executive pay to ESG performance.

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