According to PwC, companies offering ESG ratings should see upcoming changes to regulations as an opportunity. For those who can proactively address requirements and get on the front foot of compliance, there is the chance to stand out by demonstrating leadership and commitment to high standards of integrity and transparency. In this article, the firm advises how to stay ahead.
In response to the increasing focus on how ESG ratings are determined and used in financial markets, the new UK government has announced in August 2024 that new regulations are being introduced. These regulations mandate that companies providing ESG ratings adhere to stringent standards covering transparency in methodologies, organisational requirements, conflicts of interest, and more.
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