'Green Day': Treasury launches consultation on ESG ratings providers

Green Finance Strategy

The government has launched a consultation on ESG ratings providers as part of its Green Finance Strategy.

The proposals for the ‘Future regulatory regime for Environmental, Social, and Governance (ESG) ratings providers' were announced today (30 March), on what the government has called Energy Transition Day (more widely dubbed 'Green Day'), as part of the revamped Net Zero Strategy. In the consultation paper, the Treasury noted that 65% of institutional investors were found to use ESG ratings at least once a week in 2020. Baroness Penn, Treasury minister, said: "With projections that $33.9trn of global assets under management will consider ESG factors within three years, the importance o...