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Environmental, social and governance (ESG) considerations are essential to businesses for the opportunities they bring, and for the reputational and economic risks that arise from making the wrong decisions. In light of the growing interest and scrutiny in ESG matters from within Japan and abroad, the Japanese government has been pushing a range of measures to implement ESG initiatives.
SELANGOR, MALAYSIA — MSCI, one of the most influential gatekeepers of environmental, social and governance ratings, is about to downgrade the ESG ratings of 31,000 investment funds in one fell swoop. The dramatic move comes after MSCI decided to update its methodology and require funds to meet higher standards for AA or AAA ratings. One would expect a move with such a
Japan's early move to govern ESG data and ratings providers is commendable, but its flexibility is not, an energy finance analyst warned.