Dr Daniel Cash

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ESG

From Fiduciary Duty to Duopoly: Making Sense of ESG Ratings in 2025

From Fiduciary Duty to Duopoly: Making Sense of ESG Ratings in 2025

The Fraser Institute’s new report warns that ESG ratings are ‘a lawsuit waiting to happen’. The phrase makes for a striking headline, tapping into wider anxieties about sustainability investing. Yet this framing potentially misrepresents both the legal foundation and the actual function of ESG ratings in finance today. The

Copy-Paste Governance: How ESG Regulation Is Triggering the Market - By Design or By Mistake?

Copy-Paste Governance: How ESG Regulation Is Triggering the Market - By Design or By Mistake?

A rule meant to improve ESG data quality is now drawing fire for introducing bias and operational paralysis. Under the European Union’s new ESG Ratings Regulation (EU) 2024/3005, rating providers must notify companies ‘during its working hours and at least two full working days before the first issuance