Why ESG ratings need an overhaul.
“Under certain ESG standards, the ratings of fossil-fuel giant Exxon Mobil and electric car maker Tesla could well be the same.”
[COMMENTARY] Such an anomaly as cited above has to do with ESG company raters not rating the ESG characteristics of a company’s products or services and issues with cross-industry scoring. ESG raters typically rate only the ESG performance of a company’s ‘operations’.
Why ESG ratings need an overhaul, by Jim McClelland, August 9, 2020, Raconteur, UK.