Utah leaders object to 'environmental, social, governance' ranking system

SALT LAKE CITY — Utah political leaders are blasting a new ranking system being used by a financial analytics company that includes the state’s environmental and social track record.

In a letter to S&P Global, Governor Spencer Cox, State Treasurer Marlo Oaks, State Auditor John Dougall, Attorney General Sean Reyes and the state’s entire congressional delegation criticized the company’s use of “ESG indicators.” The “environmental, social and governance” indicators include things like climate change efforts and human rights stances, in addition to financial standings.

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