Companies
S&P warns EU overhaul of ESG rating rules could harm Irish operation
Credit ratings agency is lobbying to water down parts of proposed new regulations that could force major players to restructure
Proposed EU laws that will impose strict restrictions on the ESG ratings industry may damage the Irish operation of S&P Global, the multibillion-dollar business has warned.
European regulators are currently working on new regulation that will require credit ratings agencies to be more transparent about how they score companies’ ESG performances – and could force some to restructure by stopping them providing consulting services.
Those who are found to be in breach of the new ...