Strong code of conduct for ESG raters needed to combat greenwashing

With greenwashing an ongoing concern, a UK industry-led initiative has formulated a code of conduct for ESG ratings and data providers to ensure the integrity of and confidence in sustainable investment

Since the publication of the UN’s “Who Cares Wins” report some two decades ago – where environmental, social and governance was given its first mainstream mention – there has been backlash against the subsequent shift to sustainable investing.