XPeng Gets Top Rating On Environmental, Social And Governance Review

As part of its ESG initiatives, $XPeng(XPEV.US)$ announced the core concept of "X-SEG" – XPeng-Smart, Efficient and Green – that would guide the establishment and operations of its factories in an eco-friendly manner.XPeng scored 10 and 9.1 in the categories of "Product Carbon Footprint" and the "Opportunities in Clean Tech," two of the key areas that contributed to the ESG ratings.The industry averages for these two categories are 7 and 5.5, respectively.
$Tesla(TSLA.US)$ could only muster a "A" rating, the same as in the previous two years. The company was found wanting in labor management and product safety & quality. $BYD Co.(BYDDF.US)$ and $MERCEDES-BENZ GROUP AG(DDAIF.US)$ also secured "A" ratings each. $Toyota Motor(TM.US)$ could manage only "BBB" rating.