The UK’s Financial Conduct Authority plans to regulate ESG rating providers to tackle conflicts of interest, poor governance and opaque methodologies. New rules, due from 2028, aim to improve transparency and accuracy in a fast-growing market that influences trillions of pounds of investment. The Financial Times reports on the news.
Meanwhile, the European Commission plans to further cut EU environmental reporting rules to reduce bureaucracy, allowing looser pollution and sustainability disclosures by companies. The proposals aim to save businesses about €1 billion annually but have sparked concerns they weaken transparency and undermine the EU’s green transition. Reuters covers the news.
