As financial services firms integrate ESG into their activities and expand their ESG-focussed products, they are increasingly reliant on third party ESG data and ratings services.
The UK Financial Conduct Authority (FCA) has announced the formation of a group to develop a code of conduct for environmental social and governance (ESG) data and ratings providers. The announcement follows the UK regulator decision to support the introduction of regulatory oversight of certain ESG data and ratings providers announced in its Feedback Statement on ESG integration in UK capital markets (FS22/4) released in June 2022, as this would support greater transparency and trust in t
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