{"id":1996175,"date":"2023-08-10T00:16:57","date_gmt":"2023-08-10T04:16:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-credit-rating-agency-drops-esg-scores-amid-backlash-to-corporate-wokeism\/"},"modified":"2023-08-10T00:18:50","modified_gmt":"2023-08-10T04:18:50","slug":"major-credit-rating-agency-drops-esg-scores-amid-backlash-to-corporate-wokeism","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-credit-rating-agency-drops-esg-scores-amid-backlash-to-corporate-wokeism\/","title":{"rendered":"Credit rating agency drops ESG scores due to backlash against corporate wokeism."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmajor-credit-rating-agency-drops-esg-scores-amid-backlash-to-corporate-wokeism%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1996175&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Rating Agency S&#038;P Global Drops ESG\u200c Scores, Embraces New Approach<\/h2>\n<p>Amidst <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/leaked-audio-superintendent-tells-teachers-crt-isnt-optional-anymoreif-youre-not-willing-then-maybe-this-isnt-the-right-place-for-you\/\" title=\"Leaked Audio: Superintendent Tells Teachers CRT \u2018Isn\u2019t Optional Anymore\u2026If You\u2019re Not Willing Then Maybe This Isn\u2019t The Right Place For You\u2019\u00a0\">growing skepticism<\/a> surrounding the effectiveness of environmental, social, and \u2064governance (ESG) metrics, rating agency S&#038;P Global\u2063 has made a bold move. The agency has decided \u200cto abandon \u200cthe use \u2063of ESG scores when assessing corporate borrowers. This \u200ddecision comes at a time when there is a broader backlash against what\u200c some perceive as &#8220;woke&#8221; \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-credit-rating-agency-drops-esg-scores-amid-backlash-to-corporate-wokeism\/\" title=\"Credit rating agency drops ESG scores due to backlash against corporate wokeism.\">agendas infiltrating boardrooms<\/a> across the United States.<\/p>\n<h3>A Shift\u2063 in Approach<\/h3>\n<p>Starting\u2063 from 2021, S&#038;P Global has revamped its rating system for companies. Instead of relying on ESG scores, the agency now \u2063rates companies on a scale from 1 (best) to 5 (worst) in various key areas.<\/p>\n<h3>Questioning the Usefulness<\/h3>\n<p>The decision to drop\u200c ESG \u200bscores reflects a growing skepticism within the industry. Many \u2062have raised\u2062 concerns about the reliability and relevance of these metrics \u200cin <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ob-gyns-shatter-nine-of-the-most-common-abortion-myths-the-left-peddles-to-spook-women\/\" title=\"OB-GYNs Shatter Nine Of The Most Common Abortion Myths The Left Peddles To Spook Women\">accurately assessing<\/a> \u2064a company&#8217;s \u200bperformance and risk. S&#038;P Global&#8217;s move signals a shift towards a more comprehensive and nuanced evaluation process.<\/p>\n<h3>Embracing Change<\/h3>\n<p>By embracing this new approach, S&#038;P Global is demonstrating its commitment to adapt and evolve in response to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/2022s-holiday-delivery-challenge-softening-e-commerce-demand\/\" title=\"2022\u2019s holiday delivery challenge: softening e-commerce demand\">changing market dynamics<\/a>. The \u200cagency recognizes the\u200b need for a more holistic assessment that goes beyond the limitations of ESG scores.<\/p>\n<h3>Looking Ahead<\/h3>\n<p>As the debate around ESG metrics continues, S&#038;P\u200d Global&#8217;s decision to move away from them \u200dsparks\u200d a broader conversation about the future of corporate evaluation. It remains to be seen how other rating agencies and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/once-again-white-house-avoids-questions-on-gamestop-surge\/\" title=\"Once Again, White House Avoids Questions On GameStop Surge\">market participants<\/a> will respond to this\u2062 shift, but one thing is clear &#8211; the landscape of assessing corporate borrowers is\u200c evolving.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global, the rating agency, has stopped using ESG scores to evaluate corporate borrowers. This decision comes as doubts arise about the effectiveness of these metrics and the growing resistance to &#8220;woke&#8221; agendas in US boardrooms. Since 2021, the agency has been using a different scale to rate companies.<\/p>\n","protected":false},"author":118,"featured_media":1996176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1996175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1996175"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1996176"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1996175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1996175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1996175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}