Third-Party ESG Ratings Too Simplistic, Backwards Looking For Investors, SEC Told

December 12, 2021 Siddhant Goyal

Date of Publication: Nov 07, 2019

Author: Ted Knutson

Summary:

The caveat was made by officials from AllianceBernstein and Neuberger Berman at a SEC Investor Advisory Committee meeting. They were joined by representatives from State Street Global Advisors and Calvert Research and Management charging ESG disclosures lack consistency and standardization.

Link to Full Reading:

https://www.forbes.com/sites/tedknutson/2019/11/07/third-party-esg-ratings-too-simplistic-backwards-looking-for-investors-sec-told/