The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.
ESG ratings data
The broad scope of the ESGRR is a key compliance issue which affects firms who are not ESG ratings providers (both EU and non-EU).
Of the multiple issues that keep board members awake at night, responsibility for ESG is most certainly what's known as a wicked problem.
Agreement on the ESG Rating Activities Regulation clarifies new rules on separation of E, S and G factors, non-EU providers and conflicts of interest.
As work at the FCA picks up pace again, we resume our regular digest of the regulator’s work, including a recap on some of the key developments since our last update in mid-December.
FCA-convened industry group issues globally consistent voluntary code of conduct for providers of ESG ratings and data products.
The ratings agency will move to 'dedicated analytical narrative'.
Big data will be key to creating a more robust and reliable ESG framework.