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Update on ESMA final report on ESG ratings technical standards

Businessman reviewing ESG report on digital interface with pen in hand, showing rating system and recycling icon, representing corporate sustainability, environmental responsibility, and governance.
Photo: Thawatchai Chawong/Getty Images

What’s changed and what it means for financial institutions.

On October 15, the European Securities and Markets Authority (ESMA) published its Final Report on the draft regulatory technical standards under the ESG Ratings Regulation, covering authorization/recognition, separation of activities, and disclosures.

The final text materially adjusts the consultation package (see our prior client note) to

Subject

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