Rachel Reeves to bring in ESG rating agency regulation legislation - reports

As part of a commitment to follow through with her predecessor Jeremy Hunt's plans to clampdown on the sustainable ratings industry, Reeves will introduce the bill next year, according to a report by the FT. In his Spring Budget earlier this year, the previous chancellor committed to regulating the sector in order to provide greater due diligence and transparency on how to create the environmental, social and governance criteria that are used to assess companies.  In rating ESG of organisations, there are a plethora of agencies and methodologies that preside over the investment sector...