Retail activist shareholder platform Tulipshare called on Tesla Inc. to tie its executive pay to environmental, social, and governance (ESG) factors and said it expects to file a shareholder resolution on the matter for the electric carmaker’s annual meeting next year.
Antoine Argouges, chief executive of Britain-based Tulipshare, said a decision by S&P Dow Jones Indices last spring to oust Tesla from a widely followed ESG index showed the company faces reputational and legal risks that investors will not tolerate.
