“Stringent new rules for environmental, social and governance (ESG) ratings reveal a fundamental misreading of what these ratings are for, and regulatory resources could be better directed elsewhere, argue Deepak Kumar, Gourishankar Hiremath, Jitendra Mahakud and Sangeeth Selvaraju.”

[COMMENTARY] I fully agree with the arguments offered in this article. In particular, ESG analysis does not offer the same exactness or decisiveness as financial statement analysis. Nor should it. ESG analysis is purposely varied, with many differing perspectives. It should not be pigeonholed.
Rethinking the rush to regulate ESG rating providers, Commentary, Grantham Research Institute on Climate Change and the Environment, London School of Economics, UK.