New ESG scoring tool for SMB businesses

Financial services company Moody’s has launched what it calls a “first-of-its-kind” tool for generating environmental, social and governance (ESG) scores for public and private small to medium-sized businesses (hereinafter “SMBs”). According to Moody’s press release, financial institutions, companies and customers would now be able to perform their portfolio and risk management by tracking ESG risk across global supply chains. This would “help investors and companies […] when identifying and analyzing ESG risks and opportunities.”

This new tool is specifically designed to identify ESG risks of SMBs. Previously, this led to considerable effort, as companies and investors had to compile and evaluate data on ESG risks for each SMB individually. According to Moddy’s, its database would allow to see ESG scores of roughly 140 million companies worldwide. The new tool – and any comparable tools in the future – will thus put SMBs under continuous pressure to identify and address their ESG risks to remain attractive to investors and customers (as part of their production chain).


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