FCA scolds 'poor' ESG benchmark providers for risking 'widespread failings'

Dear CEO letter

The FCA has today (20 March) has warned major ESG benchmark administrators of regulatory action due to the "potential for widespread failings" identified as part of a preliminary regulatory review.

The FCA has today (20 March) has warned major ESG benchmark administrators of regulatory action due to the "potential for widespread failings"  identified as part of a preliminary regulatory review.  Treasury Committee challenges FCA over the cost of greenwashing Today's "Dear CEO" letter comes following communications from September last year, regarding the FCA's "particular concerns" of "subjective" ESG benchmarks' methodologies and disclosures. These concerns then prompted the subsequent review.  Jon Relleen, the FCA's director of infrastructure and exchanges, shared a warning t...