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  • Writer's pictureGustavo Bernal Torres

Global Watchdog To Tackle Greenwashing With ESG Ratings Guidance

A global securities watchdog plans to publish its first regulatory guidance for firms that rate corporate environment, social and governance (ESG) performance.

  • IOSCO – the International Organization of Securities Commissions – expects to publish a report mid-July. Ashley Alder, chair of the IOSCO body that groups securities regulators from the United States, Europe and Asia, says that many countries have no rules for ESG raters.

  • IOSCO is working with the International Financial Reporting Standards (IFRS) Foundation on setting up a new body by November to write mandatory global standards for company disclosures on climate change.

  • The watchdog also wants asset managers to incorporate more meaningful climate-related considerations into their risk management as the companies in which they invest face more stringent ESG disclosure rules.



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