Encompassing ESG Rating Agencies

Poul Lykkesfeldt () and Laurits Louis Kjaergaard ()

Chapter Chapter 39 in Investor Relations and ESG Reporting in a Regulatory Perspective, 2022, pp 305-311 from Springer

Abstract: Abstract All countries and even major companies have credit scores dictated by the institution’s payment history, outstanding debt, credit history length, credit mix and the pursuit of new credit to discover the company’s ability to make future payments. Unfortunately, there is no formal ESG score today and the market for rating agencies remains fragmented—with financial institutions, namely MSCI and Sustainalytics, attempting to gather tangible data to issue ESG scores. Writing about ESG and non-financial reporting standards is no longer enough. It is all about meaningful non-financial reporting. This includes quantitative figures with integrated granularity on the company’s plans to accomplish. It is an area on which the IRO, management and the board of directors should focus significantly. Financial reporting remains the most important information source for an investor.

Keywords: Rating agencies; Trading platforms; Rating methodology; Analyst transformation; Baseline data (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-031-05800-4_39

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