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FT News Briefing
Rating the ESG raters
Oct 3, 2023
IMF head Kristalina Georgieva supports reforms to the IMF that could give China more voting power. Regulators are calling for transparency in ESG rating agencies. Record numbers at Oktoberfest show positive signs for the German economy.
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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Discover
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