The Financial Conduct Authority (FCA) has formed a group to develop a code of conduct for environmental social and governance (ESG) data and ratings providers.
As financial services firms integrate ESG into their activities and expand their ESG-focussed products, they are increasingly reliant on third party ESG data and ratings services, the FCA said.
In its feedback statement on ESG integration in UK capital markets, the FCA expressed its intention to introduce regulatory oversight of ce...