Awards and recognition
Third-party awards and/or rankings about entities within the Voya family of companies are given based upon various criteria and methodologies. Awards and/or rankings are not representative of actual client experiences or outcomes, and are not indicative of any future performance. For certain awards/rankings, Voya pays a fee to be considered. For material facts regarding an award, including but not limited to whether a fee was paid to be eligible for the award, please see below.
- Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion (formerly Best Places to Work for LGBTQ+ Equality) 2006-2024
- Newsweek America’s Most Responsible Companies 2020-2022, 2024
- Newsweek America’s Greatest Workplaces for Diversity 2023-2024
- Newsweek America’s Greenest Companies 2024
- World’s Most Ethical Companies® 2014-2023
- Bloomberg Gender-Equality Index 2017-2023
- Disability Equality Index – Best Place to Work for Disability Inclusion 2018-2023
- Great Place to Work® 2016-2023
- Dow Jones Sustainability Index 2016-2023
- MSCI ESG Leaders Indexes (formerly MSCI Global Sustainability Indexes) 2015-2023
- Environmental Protection Agency Green Power Partnership Program 2008-2023
- Forbes America’s Best Employers for Diversity 2020, 2023
- Forbes America’s Best Employers for Women 2023
- Fortune Best Workplaces in Financial Services & Insurance™ 2022-2023
- Newsweek America’s Most Trustworthy Companies 2023
- Newsweek World’s Most Trustworthy Companies 2023
- Global Electronics Council EPEAT Purchaser Award 2018-2021, 2023
- Pensions & Investments Best Places to Work in Money Management 2015-2022
- S&P Global Sustainability Yearbook 2019, 2021-2022
- JUST Capital 2022 America’s Most JUST Companies 2018-2022
- DALBAR ESG Retirement Plan Certification, 5-star Rating for Voya’s 401(k) plans 2021-2022
- Mansfield Rule: Legal Department Edition Certification 2020-2022
- Corporate Governance Awards Best Proxy Statement (mid-cap) 2022
- Barron’s 100 Most Sustainable Companies 2018-2021 (No. 5)
- Institutional Investor magazine’s 2022 All-America Executive Team 2021
- JUST Capital Top 100 U.S. Companies Supporting Healthy Families and Communities 2021
- Fortune World’s Most Admired Companies 2018, 2020
- Caregiving.com’s Visionary Caregiving Organization of the Year 2020
- Disability:IN Inclusion Award, Marketplace Innovator of the Year 2020
- FTSE4GOOD Index Series 2018-2020
Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion: The Corporate Equality Index (CEI), administered by the Human Rights Campaign Foundation, evaluates LGBTQ-related policies and practices, including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBTQ community. All private sector (non-government) and for-profit employers with 500 or more full-time U.S. employees are eligible to participate. In December 2023, Voya Financial’s efforts in satisfying all of CEI’s criteria earned a score of 100 and the designation as recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion. The CEI rating is based on 2023 activity and no fee was paid for consideration. From 2002-2022, this designation was known as “Best Place to Work for LGBTQ Equality”
Newsweek America’s Most Responsible Companies: In 2023, Voya Financial was one of 600 companies named to the 2024 Newsweek America’s Most Responsible Companies list. No fee was paid for consideration, and activity from January 1, 2023 - October 23, 2023, was subject of this survey. The analysis was carried out in a four-phase process, with a pool of more than 2,000 companies that were screened by different criteria. The detailed analysis consisted of an independent survey among 17,000 U.S. citizens and research based on publicly available key performance indicators derived from Corporate Annual Reports, CSR Reports, Sustainability Reports and Corporate Citizenship Reports. The independent survey was administered using an online access panel.
Newsweek America's Greatest Workplaces for Diversity: Voya Financial was recognized as one of the 2024 America's Greatest Workplaces for Diversity by Newsweek in December 2023. Inclusion was based on activity in 2022 and 2023, and Voya did not pay for consideration. The award methodology is based on a five-part evaluation. The first step was a pre-study survey that asked HR professionals to identify current and future employee satisfaction drivers. The second step was the main employee survey which asked for either a direct recommendation for a company they work for or an indirect recommendation for companies they've known as an employer. The independent study collected over 220,000 interviews and more than 1.5 million company reviews collected in 2022 and 2023. During this survey, personal data was gathered which was then used to weigh responses from diverse target groups. In the fourth step, we applied a media monitoring project, reviewing all published press from the past 24 months (12/9/2021-12/10/2023) of all recognized companies to identify potential legal disputes around the workplace. The fifth step was to calculate the individual company diversity scores based on the scoring model.
Newsweek America’s Greenest Companies: In December 2023, Voya Financial was one of 300 companies named to the Newsweek America’s Greenest Companies list. The recognition is based on 2023 information and no fee was paid for consideration. The list recognizes companies for their progress in managing their sustainability footprint. The rankings are based on research and analysis of public data of the top 952 U.S.-based organizations with a market capitalization of minimum 5 billion USD, pass the minimum standards set by the European Union, and have publicly disclosed sustainability data as of July 31, 2023. Companies were evaluated on more than 25 parameters based on four criteria: greenhouse gas emissions, water usage, waste generation and commitment and disclosures.
World’s Most Ethical Companies: In 2023, Voya Financial was one of 135 companies recognized by Ethisphere® as one of the 2023 World’s Most Ethical Companies®, based on performance in 2022. The World’s Most Ethical Company assessment is based upon Ethisphere’s Ethics Quotient® framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in five key categories: ethics and compliance program (35%), culture of ethics (20%), environmental and social impact (20%), governance (15%) and leadership and reputation (10%) and provided to all companies who participate in the process. While Voya’s Senior Vice President of Corporate and Organizational Development sits on Ethisphere’s Equity and Social Justice Initiative Advisory Council, he plays no role in the selection process for the World’s Most Ethical Company award, but this fact has been disclosed to the extent it may be perceived as a possible conflict of interest. There is a processing fee of $3,500 USD to participate. There is also a $35,000 USD licensing fee for use of the logo. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
Bloomberg Gender-Equality Index: In 2023, Voya was accepted into the 2023 Bloomberg Gender-Equality Index for the 8th consecutive year. Voya is one of 484 companies accepted to the 2023 Bloomberg Gender-Equality Index, which represents organizations from 54 industries with headquarters in 45 countries and regions. To qualify for the index, Voya disclosed details of its policies and practices with respect to how the company promotes gender equality across four separate areas — company statistics, policies, community engagement and products and services. Voya and other companies included in the 2023 Gender-Equality Index scored above a globally-established threshold, based on the extent of disclosures and the achievement of best-in-class statistics and policies.
Disability Equality Index: In 2023, Voya Financial was recognized by Disability:IN and the American Association of People with Disabilities as a 2023 Best Place to Work for Disability Inclusion, earning a spot on the Disability Equality Index® (DEI). The recognition is based on 2022 information and a $600 administrative fee was paid for consideration. The 2023 DEI measured culture and leadership; enterprise-wide accessibility; employment practices (benefits, recruitment, employment, education, retention and advancement, and accommodations); community engagement; and supplier diversity. Voya Financial was one of 405 participating companies scoring 80% or higher.
Great Place To Work: In 2023, Voya Financial was certified as a Great Place To Work for October 2023 – October 2024. Voya Financial paid a fee to the Great Place To Work Institute to conduct certification surveys, upon which the award was based. Voya Financial earned this recertification based on ratings provided by more than 1,600 of its employees in a survey administered by the Great Place To Work® Institute. The Great Place To Work Trust Index Survey measures individual employee experiences of five dimensions of a high-trust company culture; credibility, respect, fairness, pride and a sense of belonging. Employees answer 14 demographic questions and respond to 60 statements across a five-point consistency scale as well as two open-ended questions. Survey answers are assessed on a five-point scale, revealing the most common experience of employees in the organization. Employee scores are averaged to provide an organization-wide assessment of workplace culture: the Trust Index score.
Dow Jones Sustainability Index North America: In December 2023, Voya Financial was selected for inclusion in the 2023 Dow Jones Sustainability Index (DJSI) by the S&P Dow Jones Indices. Inclusion was based on 2022 activity, and no fee was paid for consideration. Launched in 1999, the Dow Jones Sustainability Index (DJSI) is the first global index to track the leading sustainability-driven companies based on an analysis of financially material environmental, social, and governance (ESG) factors and S&P DJSI’s robust index methodology, which includes the annual S&P Global Sustainability Assessment (CSA) to evaluate more than 11,000 companies around the world.
MSCI ESG Leaders Indexes: In 2023, Voya Financial was recognized by MSCI as a member of the MSCI ESG Leaders Indexes. The recognition is based on 2022 information and no fee was paid for consideration. The MSCI ESG Leaders Indexes (PDF) target companies that have the highest environmental, social and governance (ESG) rated performance in each sector of the parent index. The indexes target a 50% sector representation vs. the parent index, aiming to include companies with the highest MSCI ESG Ratings in each sector. The index suite utilizes MSCI’s ESG Research and ESG Ratings to identify companies that have demonstrated an ability to manage their ESG risks and opportunities and are therefore eligible for inclusion.
THE INCLUSION OF VOYA FINANCIAL, INC., IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF VOYA FINANCIAL, INC., BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.
Environmental Protection Agency Green Power Partnership Program: The U.S. Environmental Protection Agency (EPA) has named Voya Financial a 2023 Green Power Partner. The recognition is based on 2022 information and no fee was paid for consideration. Green Power Partners agree to use green power that meets or exceeds Partnership requirements and agree to report on green power use annually. They must also use the Green Power Partner mark in a manner that is consistent with Partner mark use guidelines. The EPA automatically includes all partner organizations in the club that report they are using the qualifying amount of green power. Green Power Partner Minimum Requirements are based on the organization’s annual electricity usage. Eligible green power includes electricity generated from solar, wind, geothermal, biodiesel and certain forms of biomass, hydropower, fuel cells and generation/combined heat and power. Green power must be sourced from eligible U.S.-based generation facilities. The requirement can be met with any combination of green power products (i.e., utility product, RECs, or on-site generation). Partner purchases must be voluntary and incremental to the renewable electricity included in the standard electricity service. Requirements must be entirely met with power from “new” renewable facilities (i.e., installed within the last 15 years). Partners may join organization-wide (U.S. operations only), at the facility-level, or a logical aggregation of facilities less than organization-wide. Partners include a wide variety of leading organizations such as Fortune 500 companies; small and medium-sized businesses; local, state and federal governments; and colleges and universities.
Forbes America’s Best Employers for Diversity: In 2023, Voya Financial was recognized by Forbes as one of America's Best Employers for Diversity. The recognition is based on 2022 information and no fee was paid for consideration. Statista surveyed more than 45,000 Americans working for businesses with at least 1,000 employees. Survey participants were asked to rate their organizations on criteria such as age, gender, ethnicity, disability and LGBTQ+ equality, as well as general diversity. Respondents belonging to underrepresented groups were also asked to recommend businesses other than their own. Extensive research was carried out to evaluate how companies fared across a range of diversity-related best practices. These included things like the presence of resource groups within the company, the publication of diversity data, and the share of women in board and executive positions.
Forbes America’s Best Employers for Women: In July 2023, Voya Financial was included on the Forbes America’s Best Employers for Women 2023 List. The recognition is based on 2022 information and no fee was paid for consideration. The majority of nearly 60,000 survey respondents were from companies with at least 1,000 employees. Nearly 40,000 women were asked to rate their company in areas such as working environment, salary and employee diversity, and then whether they would recommend their company to a friend or family member. Women were also asked to rate their employer on factors such as pay equity, parental-leave policies, leadership training programs for women, representation of women in upper management, and employer response to incidents of discrimination. Further research was conducted into each company’s presence of women in executive management or board positions. The 400 companies with the highest cumulative scores made the list.
Fortune’s Best Workplaces in Financial Services and Insurance: To determine the 2023 Fortune’s Best Workplaces in Financial Services and Insurance list, Great Place To Work® selected the 2023 Fortune Best Workplaces for Financial Services & Insurance by gathering and analyzing confidential survey responses from more than 191,000 employees from Great Place To Work Certified™ companies in the financial services and insurance industry. Company rankings Survey. Great Place To Work® determines its lists using its proprietary For All Methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study. In the last year, 1.3 million survey responses were received, representing the work experiences of more than 7.5 million employees.
Newsweek America’s Most Trustworthy Companies: Voya Financial was recognized as one of America's Most Trustworthy Companies by Newsweek in March 2023. Winners are selected on an annual basis. Voya did not pay to be considered for this recognition. America's Most Trustworthy Companies 2023 were identified based on a vast sample of approximately 25,000 U.S. residents who rated companies they know in terms of three main public pillars of trust: customer trust, investor trust, and employee trust. A total of 95,000 evaluations were submitted. All companies headquartered in the U.S. with a revenue over $500 million were considered in the study. Additionally, all companies that were involved in any recent scandals or lawsuits relevant to a dimension of trust were excluded from the analysis. The top 700 Most Trustworthy Companies across 23 industries have been chosen based on a holistic approach to evaluating trust.
Newsweek World’s Most Trustworthy Companies: In September 2023, Voya Financial was recognized by Newsweek as a member of the World’s Most Trustworthy Companies 2023 list. The ranking is based on information from Jan. 1, 2023 to July 19, 2023, and no fee was paid for consideration. Statista performed an independent survey based on a vast sample of more than 70,000 participants from 21 countries and conducted a social listening/sentiment analysis. In order to be eligible, stock-listed companies headquartered in one of their target countries generated a revenue of more than $500 million in at least one of the past two fiscal years. A total of 269,000 evaluations were analyzed. The three main public pillars of trust were considered: Customer Trust, Investor Trust and Employee Trust.
Global Electronics Council EPEAT Purchaser Awards: In 2023, Voya Financial was recognized by the Global Electronics Council (GEC) with an EPEAT Purchaser Award. The recognition is based on 2022 information and no fee was paid for consideration. The awards are open to all organizations around the globe that purchase EPEAT-registered products; have, or are actively developing, an organizational purchasing policy for sustainable procurement, with specific guidelines for IT products and electronics; and specify or use contracts (if applicable) that require or prefer EPEAT registered products (Computers and Displays, Imaging Equipment, Mobile Phones, Network Equipment, Photovoltaic Modules and Inverters, Servers, and Televisions) inclusive of applicable service contracts. Using the EPEAT Benefits Calculators, GEC calculates the environmental and cost benefits of the full lifecycle of sustainable purchases made by each award winner.
Pension & Investments Best Places to Work in Money Management: Voya Investment Management was named to Pension & Investments’ 2022 Best Places to Work in Money Management list. To participate, a firm had to have at least 20 employees in the U.S., have at least $100 million of discretionary, institutional assets under management or advisement and be in business for at least one year. Firms that participated were required to complete a two-step process conducted by Best Companies Group in June-August 2022. First, a questionnaire was completed by the firm’s HR department to capture information on firm policies, practices, benefits and demographics. Second, employees completed a 78 question survey and two open-ended questions that asked about being an employee at Voya — including engagement and satisfaction, work environment, career development and remuneration. Employee responses accounted for 75% of the total company score and employer responses accounted for 25%. Best Companies then examined the data to finalize rankings. Awards and/or rankings are not representative of actual client experiences or outcomes, and are not indicative of any future performance. Voya Investment Management did not pay a fee to be considered, but does pay a fee for use of the logo.
S&P Global Sustainability Yearbook: In 2022, Voya Financial was named by S&P Global as a S&P Global Sustainability Yearbook member, based on its participation in S&P Global’s annual Corporate Sustainability Index (CSA). The S&P Global Sustainability Yearbook members are determined by conducting the annual Corporate Sustainability Assessment (CSA), which includes questionnaires completed by the evaluated companies as well as independent assessments based on publicly available information on criteria that are both industry-specific and financially material. In 2022, more than 7,500 companies around the world were assessed, and only 716 companies were included in the Yearbook. This process aligns the yearbook’s methodology with decisions by the Dow Jones Sustainability Indices Committee. To be listed as a yearbook member, companies must be within the top 15% of their industry and must achieve a score within 30% of their industry’s top performing company.
2022 Rankings of America’s Most JUST Companies: Led by the JUST 100, in collaboration with CNBC, JUST Capital conducts qualitative focus groups and quantitative surveys of a representative sample of 3,000 Americans to compare and prioritize 20 business issues that represent just corporate behavior, then evaluates how the largest, publicly traded U.S. companies perform across these issues. For the 2022 rankings, JUST Capital analyzed 954 public companies in the Russell 1000 Index. Voya continues to rank among the top 33 in the Capital Markets industry category. Full Ranking Methodology.
DALBAR ESG Retirement Plan Certification: DALBAR, Inc. is a leading financial services market research firm that performs a variety of ratings and evaluations of practices and communications, committed to raising the standards of excellence in the financial services and healthcare industries. DALBAR is a separate entity and not a corporate affiliate of Voya Financial®. The DALBAR ESG Certification criteria fall into three categories: Environmental (Paper Suppression, Automatic Enrollment, Online Capabilities), Social (Premature Withdrawal Options, Matching Contributions, Phone Center Capabilities, Pre/Post Retirement Support) and Governance (Reasonable Plan Fees, Compliance with Applicable Regulations, Sound Investment Policy, Investment Review, 3rd Party Requirements). There is an annual fee for ESG Plan Certification which is uniform for all participants in the program and based on the number of participants in the plan (<1,000 participants is $500, 1,000 - 10,000 participants is $2,500, >10,000 participants is $5,000). The DALBAR ESG Certification does not reflect actual client experiences or outcomes and is not indicative of future performance. Voya provided assistance to DALBAR in developing the ESG Plan Certification. DALBAR asked Voya to participate in the data collection process and to provide DALBAR feedback on the questionnaire process from a client perspective. Voya participated in a beta test for certification. The certification process was run by DALBAR and Voya had no opportunity to influence the outcome. The certification is based on factors that are pass/fail and will be consistently applied to all plans seeking the certification.
The Mansfield Rule: Legal Department Edition (MRLD) 2.0 Certification: In November 2022, Voya Financial was one of more than 40 companies that achieved the MRLD certification from Diversity Lab, which aims to boost and sustain diversity in legal department leadership. The two-year certification period ran from July 1, 2020-June 30, 2022. Voya did not pay to be considered for the certification. The Mansfield Rule measures and certifies whether legal departments have affirmatively considered women, racial/ethnic minority lawyers, LGBTQ+ lawyers, and lawyers with disabilities, collectively referred to as “historically underrepresented lawyer(s)” for significant leadership roles in the department and when engaging outside counsel. To achieve Mansfield Certification, participating legal departments must: (1) Consider at least 50% historically underrepresented lawyers for 70% or more of the legal department’s roles and activities outlined in the certification parameters during the review period; (2) Track and document the makeup of candidate pools identified in the certification parameters by demographic identity; (3) Complete the six-month, 12-month, and 18-month check-in calls, surveys, and data collection requests during the review period; (4) Actively engage in community building and knowledge sharing with participating legal departments; (5) Provide at least one senior lawyer from the legal department to serve in an oversight role for the certification, and at least one additional lawyer or other professional to oversee the MRLD process internally and help manage the tracking and communications processes; and (6) Send two or more representatives to the Mansfield Rule Client Forum(s) each year to support Mansfield Certified law firms or serve as a Client Forum host.
Corporate Governance Best Proxy Statement (mid-cap) award: In November 2022, Voya Financial received the Corporate Governance Awards 2022 Best Proxy Statement (mid-cap) award from Corporate Secretary magazine. Winners are selected on an annual basis. Voya did not pay to be considered for the award. For the award, the statement is examined for completeness of legal disclosures, effectiveness of communication elements, readability, timeliness of filing, visual design elements and overall layout. Specific elements such as compensation discussion and analysis, CD&A, director profiles and ESG challenges were given particular consideration. Market cap definition: Mid-cap = between $2 billion and $20 billion (U.S. dollars). Individuals and companies submit written entries, free of charge; entrees are judged by a panel of corporate governance professionals and Corporate Secretary editorial team members. Voya was nominated by a third party.
Barron’s 100 Most Sustainable Companies: Voya Financial ranked fifth on Barron’s 2021 list of the 100 Most Sustainable Companies. To determine the rankings, Calvert Research and Management, a top sustainable investing shop, analyzed the 1,000 largest U.S. publicly held companies, measured by market capitalization. Calvert calculates the rankings by measuring sustainability performance based on 230 indicators across five categories: shareholders, employees, customers, planet and community.
Institutional Investor magazine selected members of its 2022 All-America Executive Team by surveying buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions. More than 3,040 money managers and buy-side analysts and more than 400 sell-side researchers provided candid feedback. To earn the designation of Most Honored Company, a company must achieve a weighted score of at least nine for its published positions in the Best CEO, CFO, IRO, IR Program, Investor/Analyst Event, ESG and Crisis Management categories. In the 2022 All-America Executive Survey, 1,384 companies were nominated across 44 sectors.
JUST Capital Top 100 U.S. Companies Supporting Healthy Families and Communities: With support from the Robert Wood Johnson Foundation, JUST Capital focuses on 10 key issues to identify companies across all industries that are taking action to address the urgent concerns of this moment and that are setting the bar for supporting their workers and their families, as well as the communities in which they operate. For the 2021 rankings, these issues were derived from surveys and focus groups in which Americans identified as the most important issues that represent just corporate behavior. While not all of the rankings apply to Voya, in comparison to the average scores of the top 100 companies listed, Voya outperformed companies in social categories, including ranking No. 5 in the industry in cultivating a diverse and inclusive workplace.
Fortune World’s Most Admired Companies: Voya is named to Fortune’s 2020 list of the World’s Most Admired Companies. Voya was ranked as one of the most admired companies on the magazine’s list of securities and asset management companies. Fortune’s World’s Most Admired Companies list is the definitive report card on corporate reputation, and is developed by Fortune and Korn Ferry Hay Group. The study surveys top executives and directors from eligible companies, along with financial analysts, to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed.
Visionary Caregiving Organization of the Year: Voya was selected as 2020 Visionary Caregiving Organization of the Year from a pool of more than 60 nominations by an awards committee consisting of members of Caregiving.com and Difference Collaborative teams. After being nominated, Voya had to submit information about its efforts to support caregivers. Caregiving.com recognized Voya for its comprehensive set of benefits and policies supporting caregivers, including insurance, back-up child and elder care, flexible paid time off (PTO), remote work options, family leave policies, health advocates, robust Employee Assistance Program and its collaboration with Wellthy support services. It also recognized Voya for its whitepaper that shows the impact caregiving has on the workplace, outlining gaps in support and potential actions to take through benefits planning.
The Disability:IN Inclusion Awards’ Marketplace Innovator of the Year: Voya was selected as 2020 Marketplace Innovator of the Year, which recognizes an external marketing or communications campaign that includes powerful and positive images of disability. Award recipients are selected by a committee. A company must be a corporate partner of Disability:IN to be considered for this award. Voya is an Inclusion Works member of Disability:IN.
FTSE4GoodIndex Series: FTSE4Good Index Series is a set of market capitalization-weighted indexes maintained by the FTSE Group (Financial Times Stock Exchange to measure the performance of companies that meet globally recognized corporate responsibility standards. To be included in the FTSE4Good Indexes, companies must, for example, support human rights, have good relationships with the various stakeholders, make progress to become environmentally sustainable, ensure good labor standards not only for their own company but for companies that supply them as well, and fight bribery and corruption. An independent committee of experts, in consultations with NGOs (Non-Government Organizations), academics, government bodies and investors, develop the criteria and regularly update and review conformity to their ESG standards.