UK’s Financial Conduct Authority to regulate ESG rating providers
"This will enhance the UK’s reputation as a global sustainable finance hub."
The UK’s financial regulator, the Financial Conduct Authority (FCA), is set to bring ESG ratings firms into its remit to improve transparency and comparability.
With global spending on ESG data, including ratings, projected to reach US$2.2bn in 2025, several governments are seeking to regulate this activity: ESG ratings inform investment decisions but methodologies so far have been seen as too opaque.
