ALFI responded to the European Securities and Markets Authority (ESMA) call for evidence on market characteristics for ESG rating providers in the EU. The aim of the consultation was to gather information about the size, structure, resourcing, revenues and product offerings of the different ESG rating providers operating in the EU. While the call was rather targeted to individual industry participants, ALFI sought the opportunity to take a position on the general questions regarding the relevance and risks of ESG ratings by outlining the challenges faced by the fund industry and further developments to come.

The Call for Evidence is intended to complement a separate upcoming consultation by the European Commission on the use of ESG ratings and the functioning and dynamics of the market.

View the response.