Issue 2: Grab gets rated; carbon market inclusivity

Singapore

Grab’s AA ESG rating

Grab, the regional provider of ride hailing and food delivery services, has earned an MSCI ESG rating of “AA”. That is the second-highest possible rating by MSCI, and indicates that Grab is a “leader among 33 companies in the road and rail transport industry”.

Does this rating mean that Grab makes a solid ESG investment? On one hand, Grab’s rating is certainly better than a number of its peers. MSCI has Uber rated one notch down at “A”, Didi Global and Lyft three notches down at “BB”. For those wondering, GoTo, Grab’s main competitor, isn’t rated.