Rating agency agreement “critical” for ESG investment

The decision of Moody’s, Standard & Poor’s, China's Dagong Ratings and other credit rating agencies to sign a statement on environmental, social and governance (ESG) requirements in ratings marks the latest sign of the concept gaining international traction. China in particular appears to be increasingly keen to engage, largely because of the consequences of its own poor track record in these areas, said Jessica Robinson, Asia ex-Japan head of Principles for Responsible Invest…