“Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up.”

[COMMENTARY] It’s likely that other index providers — as well as ESG raters — will change their sustainable, ESG, and green ratings of funds. Hence, there could be a massive re-rating of funds ahead!
Hundreds of funds to be stripped of ESG rating, by Steve Johnson, March 24, 2023, Financial Times, UK.