The ESG Data and Ratings Code of Conduct Working Group and the International Regulatory Strategy Group, together with the International Capital Market Association, is consulting on a draft voluntary Code of Conduct for ESG data and ratings providers. FCA had commissioned the IRSG (which is a joint venture between the City of London Corporation and TheCityUK) and ICMA to convene the DRWG
The Code proposes key best practice principles of:
- good governance
- systems and controls
- conflicts of interest
Consultation closes on 5 October.