Comments

You have commented 358 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

-Great Cultural Revolution

S&P Global drops ESG alphanumeric scale

2023-08-11

[Reuters] S&P Global has dropped an alphanumeric scale it launched in 2021 to score publicly rated entities in some sectors and asset classes on environmental, social and governance (ESG) factors when assessing their credit quality.

"We have determined that the dedicated analytical narrative paragraphs in our credit rating reports are most effective at providing detail and transparency on ESG credit factors material to our rating analysis, and these will remain integral to our reports," it said in a statement released on Friday.

S&P Global, which is one of the world's largest raters of corporate debt, said the decision would take effect "immediately".
Piss off enough people, and eventually they have to listen,
or else go broke for demanding WOKE

Posted by:Whaiter Omaper2817

#4 Only partial retreat: "We have determined that the dedicated analytical narrative paragraphs in our credit rating reports are most effective at providing detail and transparency on ESG credit factors material to our rating analysis, and these will remain integral to our reports,"

Posted by: James 2023-08-11 13:03

#3 As long as ESG is used, it provides a market advantage for those who ignore it.

Posted by: Super Hose 2023-08-11 13:00

#2 In my own small, parochial opinion the corporate ESG scoring was a pretext for account churning and very little else.

Posted by: Cesare 2023-08-11 06:32

#1 Remember the atheists who make a big show of announcing they would henceforth be known as "Brights?" You don't hear anything about them anymore, but you can bet they are still around and very bitter about the way they were laughed out of public life.

I'd imagine this will be much the same.

Posted by: M. Murcek 2023-08-11 05:47

00:00