Financials, UK

UK financial regulator demands improvements on ESG benchmarks

Financial Conduct Authority head office and logo.
The FCA says a number of benchmarks have been miscalculated by administrators after some ESG factors had been applied incorrectly. (Photo: Toby Melville:Reuters)

The FCA has told benchmark administrators that they are failing to correctly implement ESG benchmarks’ methodologies. The Financial Conduct Authority has written to ESG benchmark administrators about the lack of detail on the environmental, social and governance factors used in their methodologies, and warned about intervention should the situation not ...

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