Abstract

ESG is a framework for the disclosure of non-financial information about companies, an investment philosophy and corporate evaluation criteria that focuses on non-financial performance. ESG ratings are a key part of ESG development, and the current number of global ESG rating agencies, with very different backgrounds and divergent ratings, makes it difficult to generate consensus on the ratings of the same subject. Therefore, on the basis of sorting out the situation of 11 famous ESG rating agencies and comparing and analyzing the ESG evaluation system of each rating agency, the study found that China's existing ESG rating system has core problems such as poor quality of information disclosure, inconsistent ESG rating results and imperfect ESG ecosystem, and accordingly put forward several suggestions for China's future ESG development.

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