Partner William Yonge was quoted in IFLR on the subject of increased disclosure under forthcoming environmental, social, and governance (ESG) ratings and discussed how, under new regulation ESG ratings, non-EU providers would fall under the jurisdiction of the European Securities and Markets Authority (ESMA), a European markets regulator.
William recommended that non-EU raters should start preparing for how they will be able to continue to operate in the European Union and on what terms. “There may even be a movement led by certain raters of voluntary compliance ahead of the timeline requirements set by the final directive, but this will need to be on a robust basis to prevent greenwashing risk in particular,” he said.
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