Economy and Society: Utah pushback against S&P ESG indicators
In late March, S&P Global released a credit indicator report on the state of Utah that went beyond traditional versions of such reports. This year, S&P, which among other things, rates corporate ESG preparedness, included an ESG component in its reports on each of the 50 states as well. On April 20, Utah Governor Spencer Cox (R), Senators Mike Lee (R) and Mitt Romney (R), all of the state’s congressmen, along with its treasurer and attorney general, sent a letter to S&P, arguing that the ESG component of its report is inherently political and therefore unfair.
