AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for governance than Exxon Mobil.
A screenshot of an ESG analysis for FTX — by FactSet-owned Truvalue Labs — went viral on 13 November, showing Sam Bankman-Fried’s embattled FTX scoring higher for ‘Leadership & Governance’ than oil giant Exxon Mobil. FTX filed for bankruptcy on 11 November.