EU proposes to regulate ESG ratings providers
“The European Union is to regulate agencies providing environmental, social and governance (ESG) ratings in an effort to improve standards in an industry that guides trillions of dollars of investments.”
[COMMENTARY] I agree that there need to be standards for the regulators. However, the standards should be such that they do not inhibit differing viewpoints! Should the EU be successful in this endeavor, many other jurisdictions will follow in implementing standards of their own.
EU proposes to regulate ESG ratings providers, reporting by Julia Payne, writing by Tommy Reggiori Wilkes, editing by Sinead Cruise and Mark Potter, June 13, Reuters, Belgium.