MAS Releases Finalized Code of Conduct for ESG Ratings and Data Providers

The Monetary Authority of Singapore (MAS) has released its finalized Code of Conduct for ESG Rating and Data Product Providers, aimed at enhancing transparency, comparability, and reliability in the ESG ratings and data space. The code introduces principles for providers to follow, such as thorough analysis of relevant information, transparency in methodologies and data sources, and policies to ensure independence and manage conflicts of interest. The COC is voluntary but encourages providers to disclose their adoption and complete the accompanying checklist within a year. MAS hopes that the code will build market confidence and support informed decision making by investors interested in funding the climate transition.

Code of Conduct: https://www.mas.gov.sg/publications/consultations/2023/consultation-paper-on-proposed-code-of-conduct-for-esg-rating-and-data-product-providers

Resource: https://www.esgtoday.com/mas-releases-finalized-code-of-conduct-for-esg-ratings-and-data-providers/

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