EU watchdog tells rating agencies to crack down on 'greenwashing'

Pedro Gonçalves
clock • 1 min read

Agencies that issue ESG ratings should have rules that crack down on "greenwashing", the head of the European Securities and Markets Authority (ESMA) said. Steven Maijoor called for reliable ESG standards and their supervision and the need for measures across the whole of the investment chain saying: "The financial sector plays a pivotal role as a key transmission channel of the much-needed transformation towards a more sustainable economic system. As securities regulators this is a matter...

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