ESMA is consulting on the market characteristics for ESG rating providers in the EU, seeking views and experiences from ESG rating providers and their users. It is expected that this consultation from ESMA will be followed by another one from the European Commission (as announced in its renewed sustainable finance strategy). The deadline to respond to ESMA’s consultation is 11 March 2022.
This ESMA consultation contains 3 different questionnaires:
- for Service Providers,
- for user of ESG data (including, non-governmental organisations, international organisations)
- -for Companies rated
PRI will be responding to the second, from the perspective of investors being users of ESG data.