The European Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted by a large majority (33 in favour, 1 against, 3 abstentions), on Monday 4 December, its negotiating position on the draft regulation governing the transparency of rating agencies with regard to environmental, social and governance (ESG) criteria (see EUROPE B13288A17).
“The European Union must be the first power to adopt regulations in this area” and ensure “that ‘ESG’ criteria are truly tools...