Future regulatory regime for Environmental, Social, and Governance (ESG) ratings providers
Consultation description
Environmental, Social, and Governance (ESG) ratings are assessments of ESG matters, which increasingly drive investment decisions in financial markets. As part of the Edinburgh reforms in December 2022, Chancellor Jeremy Hunt announced that the government wants to ensure improved transparency and good conduct in the ESG ratings market, and that HM Treasury will consult on a potential regulatory regime for their providers. This consultation paper sets out proposals for the scope of such a regulatory regime. The consultation opens on 30 March 2023 and will close on 30 June 2023. Responses will inform the government’s next steps. Please submit your responses to ESGRatingsConsultation@hmtreasury.gov.uk.
Documents
Updates to this page
Last updated 6 March 2024 + show all updates
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HMT is announcing it will regulate ESG ratings as part of the Spring Budget on 6 March. This is a holding update for industry, and HMT’s consultation response and legislative timeline will follow after this announcement.
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First published.