The exposure of ESG investors to Russia is becoming problematic. It is understood that 14% of sustainable funds held assets in China before their invasion of Ukraine.
Russia’s ESG rating had been downgraded from B to CCC, the lowest available. This has caused issues for firms who rely on certain standards of ESG rating when including entities in their funds.
While this is definitely true of todays Russia, could the same be said of China, also.
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