Ethical ratings stir debate over saints and sinners
Asset manager Aegon hits out at “flawed” ESG ratings methodologies
Can a tobacco firm achieve an ‘A’ rating for sustainability?
It’s a question that a leading asset management firm has posed, in response to ratings provider MSCI giving an environmental, social and governance (ESG) score of single-A to cigarette maker Imperial Brands.
The question also illustrates a wider debate in the investment industry over how to rate the ethical credentials of companies in controversial sectors such as arms, alcohol or tobacco – the so-called sin stocks of ‘bombs, booze
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