EU moves to regulate ESG rating firms
The European Council and Parliament have reached an agreement on how to regulate ESG rating firms in order to increase transparency and confidence in the sustainable investment ecosystem.
ESG rating firms operating in the EU will soon be supervised by the European Securities and Markets Authority (ESMA) and required to disclose their methodology and sources of information – in the latest EU move to increase trust in sustainable finance.
The European Council and Parliament reached an agreement last night on how to regulate ESG rating firms in order to increase transparency and confidence in the sustainable investment ecosystem.
