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To support greater transparency and trust for Environmental, Social and Governance (ESG) data and ratings services, the Financial Conduct Authority (FCA) announced the creation of a group to develop a voluntary Code of Conduct for ESG data and ratings services.

The ESG Data and Rating Code of Conduct Working Group (DRWG) aims to develop a Code that is globally consistent and structured to meet the outcomes of transparency, good governance, robust systems and controls, and sound management of conflicts of interest.

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