Ohio Joins Investigation of Morningstar’s ESG Ratings

Financial services and information firm Morningstar Inc. is being investigated by 18 attorneys general — including Ohio AG Dave Yost — for alleged fraud or unfair trade practices tied to the company’s environmental, social and governance (ESG) investing ratings, according to reports. It’s the latest legal action tied to ESG investing, as some experts warn that lawsuits may be the “unintended consequence” of ESG initiatives. 8/22/2022