IOSCO Recommendations for ESG Ratings & Data Providers
S&P Global actively engaged with the Sustainable Finance Taskforce of the International Organization of Securities Commissions (IOSCO) to discuss and collaborate on enhancing ESG ratings and data quality. The dialogue initiated through this collaboration has been instrumental in fostering communication between policy makers and ESG product providers. S&P Global welcomes and supports IOSCO's final recommendations aimed at promoting high-quality ESG ratings and data products.
Implementation of IOSCO Recommendations
As jurisdictions worldwide consider adopting and implementing the IOSCO recommendations in their national and regional frameworks, S&P Global reaffirms its commitment to contributing insights and perspectives to this critical discourse. The consistent adoption of IOSCO recommendations is crucial in ensuring the production of reliable and accurate ESG data and rating products while preventing fragmentation across different jurisdictions.
Japanese Financial Services Agency’s Code of Conduct for ESG Evaluations and Data Providers
S&P Global has actively participated in discussions related to the IOSCO recommendations that Japan aims to implement. The company stands by IOSCO's guidelines and continues to engage with the evolving landscape of sustainable finance. S&P Global Ratings and S&P Global Sustainable1 are committed to upholding the highest standards in ESG evaluations and data provision.
SEBI Regulation for ESG Ratings Providers in India
Following a thorough review of the Securities and Exchange Board of India's (SEBI) regulation on ESG rating providers, S&P Global has taken proactive measures to comply with the stipulated guidelines. While restricting the provision of ESG scores on Indian companies to users within India for specified purposes, S&P Global Sustainable1 remains dedicated to offering S&P Global ESG Scores on Indian companies for use cases outside the scope of Indian regulations. S&P Global emphasizes its enduring commitment to the Indian market through its comprehensive business solutions.
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