Author: Benjamin Maconick

ESG Ratings Regulation Agreed – Broad Impacts on Financial Services Firms and Scoping Ambiguity

Marking another important milestone in the international supervision and regulation of ESG ratings providers, on 5 February 2024 the EU co-legislators reached political agreement on the ESG Ratings Regulation. Whilst primarily of interest to ESG rating providers servicing EU customers, the broad scope of the concept of ESG ratings, ambiguous exemptions and extra-territorial reach mean the ERR will be of interest to financial services firms generally.