Legal & Regulatory News

ESMA writes to European Commission on ESG ratings and assessment tools

29 January 2021

The European Securities and Markets Authority (ESMA) has written to the European Commission (EC) sharing its views on the main challenges in the area of ESG ratings and assessment tools. In the letter, ESMA highlights the need to match the growth in demand for these products with appropriate regulatory requirements to ensure their quality and reliability.

The letter builds on ESMA’s response to the EC’s consultation on the Renewed Sustainable Finance Strategy in July 2020, in which specific issues in relation to ESG ratings and assessment tools were raised.

Click here to access the letter.