Regulation on ESG Rating Transparency and Integrity

by name voted on 24.04.2024

Summary

This proposal introduces new rules to make ESG ratings more transparent, independent, and reliable. It aims to protect investors from misinformation and ensure that sustainability assessments are consistent across the EU.

9 24.04.2024

Report

finance

environment

public administration

business and competition

information technology and data processing

Key points

ESG rating providers must obtain formal authorization from the European Securities and Markets Authority to operate within the Union.
Providers are required to publicly disclose their rating methodologies, data sources, and the key assumptions used in their models.
Strict rules are introduced to prevent conflicts of interest, such as prohibiting rating providers from also offering consulting or auditing services.
Specific regimes are established for providers from non-EU countries to ensure they meet European standards through equivalence or recognition.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Documents (PDFs)

PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a regulation of the European Parliament and of the Council on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities Opinion of the Committee on Legal Affairs on a Proposal for a Regulation of the European Parliament and of the Council on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities REPORT on the proposal for a regulation of the European Parliament and of the Council on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities Transparency and integrity of Environmental, Social and Governance (ESG) rating activities

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