The Financial Conduct Authority (FCA) has found that the overall quality of ESG-related disclosures made by benchmark administrators is poor, following the completion of a preliminary review on ESG benchmarks.
In September 2022, the regulator sent a portfolio letter to benchmark administrators where it highlighted the risk of poor disclosures for ESG benchmarks.
High quality ESG benchmarks are important to support trust in the market for ESG products and the t...
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