Britain to regulate ESG ratings

Trillions of dollars globally have flowed into company shares, with asset managers using ESG ratings to help pick stocks. — Reuters

LONDON: Britain’s finance ministry says it will introduce regulation for providers of environmental, social and governance (ESG) ratings on companies to improve “clarity and trust” in benchmarks widely used to steer investments, but gave no specific timeline.

Trillions of dollars globally have flowed into company shares, with asset managers using ESG ratings to help pick stocks.