ESG could have saved Silicon Valley Bank
“One of the nation’s largest banks experienced a series of governance lapses that resulted in the mismanagement of interest-rate risk.”
[COMMENTARY] I tried unsuccessfully to find an ESG rating for Silicon Valley Bank before its collapse. I presume that if it were rated the governance rating would or should’ve been bad. However, it’s rare for ESG raters to assign the same rating to any company. Nonetheless, any competent rater would’ve spotted the governance issue and warned investors about this problem.
ESG could have saved Silicon Valley Bank, by Andrew Siwo, May 5, 2023, Investment News, USA.