Boohoo received good ESG ratings despite exploitation of modern slavery in its supply chain

The Manchester-based online fast-fashion retailer Boohoo has launched an independent review of its domestic supply chain after the Sunday Times published an investigation affirming that workers manufacturing its products at a factory in Leichester were paid less than half the minimum wage set by the British law. Additionally, the company…

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S&P acquires ESG ratings arm of RobecoSAM

As of November 21, 2019 S&P Global announced it will acquire the ESG Ratings Business from RobecoSAM which consists of two units: one dealing with SAM CSA which issues ESG ratings and a second providing in-depth reports to companies for comparing relative performance relative. SAM Corporate Sustainability Assessment (CSA) is…

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Thomson Reuters closes deal with Blackstone

Thomson Reuters Corp announced on Monday it had completed the sale of a majority stake (around 55%) in its Financial & Risk unit to private equity firm Blackstone Group LP. The unit will now be rebranded as Refinitiv. Investors also announced that Refinitiv will invest in multiple businesses, including contents, artificial…

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LSE acquisition of Refinitiv

London Stock Exchange (“LSE“) signed a deal with investment funds affiliated with Blackstone and Thomson Reuters to acquire Refinitiv, financial data and trading platforms provider. Refinitiv shareholders will acquire a stake of approximately 37 per cent economic interest in LSEG and less than 30 per cent of the total voting rights of LSEG. “The transaction brings…

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ESMA advises against explicit ESG analysis mandate for credit rating agencies

“Credit rating agencies should not be explicitly required to consider environmental, social and corporate governance (ESG) factors when assessing issuers’ creditworthiness, according to the EU financial markets watchdog.” This is what IPE claims right after ESMA (European Securities and Markets Authority) decision of excluding the explicit requirement of considering ESG…

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