SpaceX Receives Lowest ESG Sustainability Rating (CCC) from MSCI Ahead of IPO
By
Ty Roush
Summary
SpaceX received a CCC rating from MSCI, the lowest on its seven-tier sustainability scale, just before its June 11 initial public offering. The rating indicates "very poor management measures" regarding environmental, social, and governance (ESG) risks, with SpaceX scoring one out of 10 on MSCI's "controversies" metric. Elon Musk has dismissed such ratings as "weaponized by phony social justice warriors."
Source
bskySpaceX Receives Lowest ESG Sustainability Rating (CCC) from MSCI Ahead of IPOforbes.comKey quotes
· 3 pulledSpaceX was 'lagging its industry' because of its exposure to and management of 'significant' environmental, social and governance risks
A CCC rating is awarded to companies that have 'very poor management measures' that may be in or were recently involved in 'significant' ESG controversies
Elon Musk has claimed the ratings are 'weaponized by phony social justice warriors'
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