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ESG rating agencies
Removal of red flags will have positive credit and equity impact, say Barclays analysts.
Firm will retire assessments of manager commitments to ESG as it prepares for compliance with EU ESG ratings rules and global codes of conduct.
It comes as several managers told RI they are confused about the scope of the regulation, which was agreed last month.
'Lighter, temporary and optional registration regime' for smaller providers, but stricter aggregation rules absent from final text.
Technical trilogue document notes tentative agreement on small provider exemptions, but multiple providers proposal still faces opposition.
Spanish presidency puts forward carve-out for smaller providers, removal of 'based on costs' in compromise text to be discussed Wednesday.
Mark Uyeda raised ‘significant concerns’ about ESG rating standards in speech on lack of definition in sustainable finance.
Providers are also in disagreement with stakeholders on whether the ESG ratings market is functioning properly.
Tesla accounts for close to 50% of MSCI Environmental Index as of Q1 2022, study finds.
Jewish groups put industry on notice, investors stress the need for objective analysis and data.