ESG ratings data

ESMA’s new notes turn “substantiated” into a concrete evidential standard: Applies to marketing, voluntary reporting, and oral communications.

The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.

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’.