Author: Maycode – maycode.org
Pressure is growing on regulators to formally scrutinise the data and rating providers (FT). ESMA and the FCA are among the agencies weighing the impact of regulating ESG Data Providers. The conversation continues as to how ESG data can be improved.
Key ESG data findings based on a survey of 154 respondents in the EU, undertaken by ESMA:
1. Diverging Regulatory Framework (No Global framework).
2. Reliability of disclosure: External auditing will improve quality of report and reliability of disclosure.
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