Complaints About ESG Ratings Reflect 'Maturing, Robust' Industry, Morningstar's Jantzi Says
Founder of Sustainalytics says ratings diversity is sign of a healthy market. 'Market wants ESG data.'
A spate of critiques of sustainable investing has arisen lately, with some choice words reserved for issuers of environmental, social, and governance ratings, such as Morningstar’s Sustainalytics division. Indeed, one sharp-tongued critique likened the usefulness of such ratings to emojis. We checked in with Michael Jantzi, founder of Sustainalytics, for his reactions. Jantzi, a longtime industry observer, is a firm believer that a sharp tongue is no indicator of a good argument. Here’s an edited version of his comments.