Spring Budget 24: Treasury confirms regulation of ESG ratings

Holding statement

James Baxter-Derrington
clock • 1 min read

HM Treasury has confirmed it will regulate ESG ratings, following a year-long consultation initiated in the wake of 2023’s Spring Budget.

According to an update on HMT's website, the government has confirmed as part of 2024's Spring Budget today (6 March) that a regulatory regime will be implemented. The regulatory regime will oversee the provision of ESG ratings, where "assessments of ESG factors are used for investment decisions and influence capital allocation". Spring Budget 24: Chancellor unveils Great British ISA following calls from industry HMT said this would "improve clarity and trust in ESG ratings". The consultation sought to examine whether regulation for providers of ESG ratings should be introduced ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on ESG