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Since few asset managers have the resources to do their own in-house research, they increasingly rely on third-party providers to determine the course of their investments. (Photo: Shutterstock)

A new report from the American Council for Capital Formation is challenging the quality of environmental, social and governance (ESG) ratings provided by four ratings agencies, arguing that they are “subjective, inconsistent and lack standardization.”

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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