Utah’s governor and its federal lawmakers are objecting to S&P Global’s move to publish ESG indicators for U.S. states, calling it an undue politicization of the ratings process.
In a letter sent to the firm on Thursday, the politicians -- all Republicans -- lay out a lengthy rebuke of S&P’s move to release environmental, social and governance assessments, known as ESG. Despite Utah’s results falling in line with many other states, the officials argue S&P should focus strictly on financial fundamentals.
