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KBRA Believes ESG Scores Are Not the Right Approach
February 3, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 3, 2021
Kroll Bond Rating Agency (KBRA) releases a report discussing how incorporating environmental, social, and governance (ESG) scores can distract from credit risk analysis. KBRA has demonstrated a willingness to disrupt the status quo with more incisive analysis that is focused on our core mission the assessment of default and recovery risk. We believe this approach serves markets better than the tendency of others to rely on old habits that have become detached from actual default experiences, or sometimes overreact to headlines.
2. Acknowledge the link between investor (in)actions and socioeconomic inequality.
A host of corporate practices commonplace today have been implicated in research as potentially exacerbating socioeconomic inequality, both globally and in the US. Investors have implicitly or, in many cases, explicitly supported these practices by: allocating capital to companies that have been implicated in widening the income and wealth divide, voting favorably for management proxy resolutions which authorize company actions that may cause greater inequality, or not addressing the issue of inequality in private engagements with corporate management teams. A list of some of these practices follows, along with a brief description of their relevance to systemic racism and related corporate diversity issues:
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Are Best Interest Regulations Cramping Your Firms Business?
By RightBridge Sponsored By CapitalROCK
If you’re in the annuity business, the onslaught of new rulings could make you feel like you’re tiptoeing on thin ice while carrying a sack of boulders. And if that’s you, you’re not alone.
With the emergence of Regulation Best Interest (Reg BI), the National Association of Insurance Commissioners (NAIC) model regulation, New York’s regulation 187, and a new presidential administration looking to add even more rules, the entire industry is on edge and wondering, “How do we keep up with or even address this?”