The International Regulatory Strategy Group (IRSG) and International Capital Markets Association (ICMA) have unveiled a code of conduct for ESG ratings and data product providers.
The code was initially commissioned by the Financial Conduct Authority in 2022 and has been released following a three-month consultation period. UK to outline regulatory rules for ESG ratings industry as early as January 2024 The IRSG and ICMA explained the code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data. IRSG said the code can be adopted on a voluntary basis and aims to enhance consistency, transparency and accountability in financial services to ensure markets hav...
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