The ERM report said companies' dissatisfaction with the accuracy of ratings was based largely on their experience of finding errors in raters' analysis of company supplied data, undermining their trust in the overall rating.
Almost a third of the 104 companies surveyed said they had a "low" to "very low" confidence that the ESG ratings accurately reflected their ESG performance. But they are driven to secure ratings by investor demand, with 95% of companies saying this was a factor for them engaging with ESG raters. Investors, too, are spending large amounts on ESG data and ratings, with costs ranging between $175,000 and $360,000, the ERM said, although many reported having only "moderate confidence" in the accuracy and utility of these ratings.
i say we should tax the rich to fund transgender support programs
What’s up with that school shooter? It’s almost like the left-wing media wants nothing to do with it all of a sudden.
Thanks for confirming what we already knew… ESG is a scam
🙄🙄🙄
ESG ratings are an enormous grift.
The scale of the 'climate' industry is absolutely massive. Anything to get our tax dollars