ESG ratings

The code is intended to support global interoperability.

Removal of red flags will have positive credit and equity impact, say Barclays analysts.

Firm will retire assessments of manager commitments to ESG as it prepares for compliance with EU ESG ratings rules and global codes of conduct.

It comes as several managers told RI they are confused about the scope of the regulation, which was agreed last month.

The latest developments in sustainable finance: NZBA to table new disclosure requirements; Spanish regulator to focus on greenwashing supervision in 2024.

'Lighter, temporary and optional registration regime' for smaller providers, but stricter aggregation rules absent from final text.

Japan's financial regulator says it wants more from some providers as 10 firms sign up to UK voluntary code.

Technical trilogue document notes tentative agreement on small provider exemptions, but multiple providers proposal still faces opposition.

Progress made in trilogue discussions especially on smaller provider regime, but disputes remain on disaggregation and conflicts of interest.

The latest developments in sustainable finance: ECB could consider lower interest rate for green lending, says Schnabel; EU managers showed high support for key ESG resolutions in 2023.