Why Consulting Firms Are Building Their Own ESG Rating Agencies

Episode 39 of Service Business Talks explores the growing trend of consulting firms launching their own ESG rating agencies. Lucas and Luna discuss how McKinsey's sustainability ratings arm, launched in 2024, aims to challenge incumbents like MSCI and Sustainalytics. They unpack the conflict of interest concerns—consultants both advising companies on ESG and rating them—and examine the potential impact on the $40 billion ESG data industry. The episode also touches on regulatory scrutiny from the SEC and EU, and what this means for corporate clients trying to navigate the alphabet soup of ESG frameworks. A concrete look at how the consulting industry is reshaping a market it once only advised on. #ESG #SustainabilityRatings #McKinsey #ConsultingFirms #ESGData #MSCI #Sustainalytics #Greenwashing #Regulation #SEC #EU #Business #Podcast #FexingoBusiness #BusinessPodcast #ServiceBusinessTalks #ProfessionalServices #Advisory Keep every episode free: buymeacoffee.com/fexingo