SIF 2023: FCA reveals 'crucial' ESG ratings code 'very close'

FCA's Mark Manning made the announcement at SIF 2023

The Financial Conduct Authority (FCA) has revealed the draft code of conduct for ESG data and ratings agencies is due for imminent release.

Today (14 June), FCA strategic policy adviser, sustainable finance Mark Manning laid out the areas the regulator is prioritising across its portfolio of sustainable investing reforms at the Sustainable Investment Festival 2023. Manning emphasised the "crucial" need for transparency within the ESG data and ratings market as reliance on providers continues to grow, echoing the sentiment of the European Commission's release earlier this week of its plans to regulate the sector on the continent.  "The providers of these services need to be trusted to have robust governance and manage conf...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Sian Barnett Wike
Author spotlight

Sian Barnett Wike

Sian Barnett Wike is Deputy Editor of Sustainable Investment

More on Green

EdenTree renames entire fund range to align with SDR labelling

EdenTree renames entire fund range to align with SDR labelling

Adopts 'Focus' and 'Impact' labels

Michael Nelson
clock 17 February 2026 • 1 min read
SDR progress for advisers: MPS element 'still missing'

SDR progress for advisers: MPS element 'still missing'

‘We’re stuck in a frustrating in-between stage’

Isabel Baxter
clock 02 February 2026 • 6 min read
Climate data won't deliver good advice on its own

Climate data won't deliver good advice on its own

As climate data becomes more prominent and sustainability expectations continue to rise, advisers need to focus less on chasing perfect metrics and more on applying informed judgement that reflects what clients actually want to achieve, according to Elly...

Elly Dowding and Lee Coates
clock 16 January 2026 • 3 min read