FT News Briefing
Rating the ESG raters
Oct 3, 2023
The podcast delves into Kristalina Georgieva's support for IMF reforms that could elevate China's influence. It highlights regulatory calls for transparency among ESG rating agencies, addressing the limitations in their scoring systems. Meanwhile, the booming Oktoberfest emerges as a surprising bright spot in Germany's economy, juxtaposing the broader economic challenges. Additionally, it touches on the EU's strategic funding moves for Ukraine, reflecting complex political dynamics.
08:53
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Quick takeaways
- The EU Commission is seeking Hungary's cooperation in providing aid to Ukraine, as the US Congress withdrew its aid package, highlighting the tensions and challenges surrounding the situation.
- ESG rating agencies face criticism for lack of transparency in their current ratings, which do not adequately measure corporate performance on carbon emissions or handle conflicts of interest, leading to regulatory efforts in Europe and India to address these concerns.
Deep dives
Brussels seeks Hungary's support in aiding Ukraine
The EU Commission wants Hungary's cooperation in passing a budget that includes significant aid for Ukraine. This comes after the US Congress stripped an aid package for Ukraine. The country's Prime Minister, Viktor Orbán, has been hesitant to send military aid to Ukraine, and the EU froze funds for Hungary due to human rights concerns.
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