IOSCO published a set of recommendations applicable to ESG Ratings and Data Products Providers.
Amongst other items, IOSCO recommends that regulators could consider focusing greater attention on the use of ESG ratings and data products and the activities of ESG rating and data products providers in their jurisdictions.
The word “could” is interesting; one would have expected to read “should”, as a strong push for all regulators to act swiftly and launch initiatives to establish a proper control framework!
IOSCO announcement: https://www.iosco.org/news/pdf/IOSCONEWS627.pdf
IOSCO document: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD690.pdf
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