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New voluntary code for ESG ratings and data products providers launched

A view of the Rampion offshore Windfarm in Brighton, England.
Photo: Andrew Hasson/Getty Images

FCA-convened industry group issues globally consistent voluntary code of conduct for providers of ESG ratings and data products.

The International Capital Market Association (ICMA) and the International Regulatory Strategy Group (IRSG) have launched a voluntary code of conduct for Environmental, Social and Governance (ESG) ratings and data products providers (the Code).

Sustainable finance is a key pillar in the drive for Net-Zero, creating a growing demand for reliable