LSEG, the owner of the London Stock Exchange, will host an event to discuss how the UK’s code of conduct covering ESG ratings and data companies will work in practice.
Companies are being invited to sign up to the code of conduct after it was launched in December following its proposal in the summer. The January 31 event in London is aimed at explaining to signatories and other stakeholders how they will be affected by the measure.
The code envisages a six-principles approach to bringing order to ESG ratings whose providers face criticism over inconsistencies in their scores and conflicts of interest.
It was commissioned by the UK regulator, the Financial Conduct Authority (FCA), which created the ESG Data and Ratings Code of Conduct Working Group (DRWG) to draw up the proposals. The working group was supported by the International Regulatory Strategy Group (IRSG) and the International Capital Market Association (ICMA).
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