MSCI Downgrades 30,000 Funds' ESG Ratings
The ESG Narrative continues to embed itself into the root of the New Economy.
On Friday March 24, ESG University reported that MSCI was going to downgrade or remove an ESG moniker on a number of funds. Yesterday, on March 30, MSCI announce that number would be 30,000 funds.
According to Bloomberg, about 31,000 funds are about to have their ESG scores lowered at MSCI Inc., as the firm’s ratings unit works through a major overhaul…