LSEG welcomes the DRWG celebrating the launch of the Code of Conduct for ESG Ratings and Data Products Providers

Today members and observers of the data and ratings working group (DRWG) came together to celebrate the 14 December 2023 launch of the Code of Conduct for ESG Ratings and Data Products Providers. Starting with a keynote speech from the International Organization of Securities Commissions (IOSCO), the event also featured two panel discussions focused on “the Code in Practice” and “International Context”.

The team celebrating on the balcony at LSEG during the welcome ceremony.

The DRWG had been chaired by LSEG, Moody’s, M&G and Slaughter & May. The Secretariat was provided by the International Capital Market Association (ICMA) and the International Regulatory Strategy Group (IRSG). With the launch of the Code, ICMA assumed ownership. 

By basing the Code heavily on IOSCO’s recommendations, it is intended to be internationally interoperable, and it is hoped that it can represent an important step towards a globally consistent regulatory framework.

“IOSCO welcomes this voluntary Code of Conduct and considers it an important building block to providing an international baseline which will improve transparency and trust for all market participants, regardless of their jurisdiction.”

Tajinder Singh
IOSCO Deputy Secretary General

“The Code is an important step in further promoting internationally consistent standards across sustainable finance. We encourage all ESG ratings and data products providers to sign up to the Code.”

Nicholas Pfaff
Deputy CEO and Head of Sustainable Finance at ICMA

Find out more about ICMA.

Useful links

Check out what's happening at the Exchange

Looking to find out more about accessing capital?

If you'd like to find out more about accessing capital, please submit your details and a member of our team will be in touch.

By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about events, resources, products, and/or services.

For more information on how LSEG uses your data, see our privacy statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.