The head of the US Securities and Exchange Commission (SEC) has criticised the industry's reliance on a single rating for ESG funds data, describing this method as 'imprecise.' According to the FT, the SEC is concerned that, with the increasing popularity of sustainable, or ESG, investing, overly simply ratings systems are leading to misinformed or even misguided investment decisions. Jay Clayton, chairman of the SEC, which acts as the US government's investment regulator, said: "I hav...
