ESG Benchmarks – Global Investment Law Watch

Europe: UK Government Proposes To Regulate ESG Ratings Providers

Apr 11 2023

Responding to encouragement from both the FCA and IOSCO, HM Treasury has proposed regulating ESG ratings providers in a consultation paper dated 30 March 2023. It primarily aims to improve the transparency of the methodologies and governance objectives adopted by ESG ratings providers, as well as to mitigate risks arising from conflicts of interest where the rating provider also provides other services to the rated entity.

Europe: UK’s FCA Issues Stern Warning to ESG Benchmark Administrators for Lack of Rigour

Mar 31 2023

By Zainab Kuku

The FCA did not hold back in its most recent comments to ESG benchmark administrators, in an indication of its increasingly adversarial approach to ‘greenwashing’. It described the quality of disclosures of ESG factors considered in benchmark methodologies as ‘poor’, and aimed clear warning shots at administrators who fail to comply with the FCA’s feedback.

Tag:ESG Benchmarks