“The challenge is how ESG ratings can be refined to drive meaningful and resilient sustainable investing outcomes. In our view, exclusive dependence on thirdparty providers has its limits.”

[COMMENTARY] My concerns regarding ESG ratings providers are that they need to be fully transparent about who they are, ownership, biases, etc., as well as provide a detailed methodology of their rating system. Let the free market decide who has the best ratings. Over time, their ratings can be judged against stock market performance.
ESG ratings – still relevant? By Marie Navarre and Thomas Roulland, February 2, 2026, Allianz Global Investors, Belgium.