The FCA is asking ESG ratings providers to complete a voluntary survey which will help to shape future regulation of ESG ratings and sustainability disclosures more generally. It wants to understand:
- the business models and group structures used to provide ratings;
- how ratings are constructed and distributed;
- what policies and procedures firms have in pace; and
- how firms interact with broader sustainability disclosures.
The FCA would like responses by 2 May if possible, and the survey will close on 16 May.