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ESG Ratings: Senator Toomey Again Writes to ESG Rating Firms on Disclosure of Methodology
November 8, 2022Last week, U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) wrote follow-up letters to 12 ESG ratings firms requesting that recipients preserve material potentially responsive to requests made in an earlier September 20 letter. According to a press release from Senator Toomey, as of November 3, six companies had yet to respond at all or “provided incomplete responses.”