The ever-expanding ESG regulatory landscape is now complete with the introduction of the Regulation on the Transparency of Rating Activities

Francesco Piron and Veronica Trani.

ESMA's expanded role to improve rating credibility: key updates and objectives of the new regulation effective January 1, 2025.

The regulatory framework for ESG criteria is evolving rapidly. On December 12, 2024, the Official Journal of the European Union (OJ) published Regulation (EU) 2024/3005 on the transparency and integrity of environmental, social, and governance (ESG) rating activities—an important step toward strengthening trust and credibility in ESG assessments.

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