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S&P drops numerical rating of ESG factors

Traders watching screens
Photo: Scott Olson/Getty Images

The ratings agency will move to ‘dedicated analytical narrative’.

Evaluating a company’s ESG performance is no longer a numbers game for S&P Global, which has announced it will not be using numerical scoring for its ratings.

Instead, the ratings agency said that the “dedicated analytical narrative paragraphs” in its credit rating reports would provide the most