In recent years, Environmental, Social, and Governance (ESG) ratings have gained prominence as crucial metrics for evaluating corporate performance beyond traditional financial indicators. Investors, consumers, and regulators increasingly demand that companies demonstrate ethical responsibility in their operations, leading to a surge in the adoption of ESG frameworks. However, the efficacy and consistency of these ratings have come under scrutiny, raising questions about their ability to accurately reflect a company’s commitment to sustainable and ethical practices. Critics argue that the existing ESG rating systems often lack standardization, leading to discrepancies in how companies are evaluated. Various rating agencies employ different methodologies, data sources, and weightings, resulting in divergent scores for the…