On August 4, S&P Global Ratings, one of the largest and most influential credit rating agencies in the world, announced, “effective immediately, we are no longer publishing new ESG credit indicators in our reports or updating outstanding ESG credit indicators.”
S&P’s Friday news dump is welcome news to opponents of environmental, social, and governance scores, however, it should be taken with a grain of salt.
Moreover, the company also declared that the announcement “does not affect our ESG principles criteria,” which, “articulate the principles that S&P Global Ratings applies to incorporate environmental, social, and governance credit factors into its credit ratings analysis.” In September 2023, Texas Attorney General Ken Paxton joined several other attorneys general to investigate if “S&P’s published ESG credit indicators, ESG scores, and ESG evaluations… politicize what should be a purely financial decision and…deceptively confound the distinction between subjective opinions and objective financial facts.”
Earlier this year, the face of ESG, BlackRock CEO Larry Fink, asserted, “I don't use the word ESG anymore, because it's been entirely weaponized.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anti-ESG Presidential Candidate Is Sued by Former Employees Who Allege Securities FraudVivek Ramaswamy, a 2024 Republican presidential candidate and co-founder of Strive Asset Management, has been sued twice by former employees of his...
Read more »
For cable news, UFO story has ratings payoff — and reporting pitfallsNewsNation found good ratings in David Grusch’s murky claims of alien visitors but also had to correct Ross Coulthart’s reporting about the Intercept.
Read more »
“My Dearest” Nearly Doubles Its Ratings As It Surges To New All-Time High“My Dearest” Nearly Doubles Its Ratings As It Surges To New All-Time High
Read more »
What to Watch This Weekend: August 18-20Out: Wearing pink to 'Barbie.' In: Bringing your dog to 'Strays'!
Read more »