HM Treasury has confirmed it will regulate ESG ratings, following a year-long consultation initiated in the wake of 2023’s Spring Budget.
According to an update on HMT's website, the government has confirmed as part of 2024's Spring Budget today (6 March) that a regulatory regime will be implemented. The regulatory regime will oversee the provision of ESG ratings, where "assessments of ESG factors are used for investment decisions and influence capital allocation". Spring Budget 24: Chancellor unveils Great British ISA following calls from industry HMT said this would "improve clarity and trust in ESG ratings". The consultation sought to examine whether regulation for providers of ESG ratings should be introduced ...
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