When the idea of ESG was first raised by the UN in 2004, never before had the environmental, social and governance performance of companies been quantified in quite this way.
Despite being the subject of some backlash, ESG remains crucial for businesses looking to pass muster with the vast majority of regulators and investors.
ESG ratings providers have become an important part of this process, acting as the independent arbiters of corporate sustainability performance.
With so many ratings services on offer, some questions have been raised regarding the comparability of ESG scores, but ESG ratings have undeniably contributed to the maintenance of high sustainability standards and transparency across industries.
In this week’s Top 10, Sustainability Magazine spotlights some of the best and most influential ESG ratings providers and delve into what makes them so effective.