The EU Wants to Regulate ESG Rating Agencies
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Who watches the ESG watchmen?
They may be the newest kids on the block, but like most ratings agencies in the financial services world, the fresh crop of firms grading companies on their environment, social, and governance credentials are already being tagged with concerns over conflicts of interest. New EU rules set to be proposed by the European Commission next week aim to keep the ratings agencies in check -- in a socially sound way with zero carbon footprint, we expect.
Source Fool.com
