23 state attorneys general demand explanations for ESG-driven downgrades
A group of 23 state attorneys general are asking the three top credit ratings agencies to explain recent downgrades of fossil-fuel companies they say were driven by ESG considerations.
Twenty-three state attorneys general have formally requested that the three leading credit ratings agencies explain recent downgrades of fossil-fuel companies, alleging the moves were driven by environmental, social and governance (ESG) considerations. The AGs are seeking clarity on the rationale behind the ratings changes and whether ESG factors unduly influenced credit assessments.