AFG signs a joint position paper with the BVI (German association representing asset management), the GDV (German association representing insurers) and France Assureurs in response to the European Commission’s draft regulation on ESG ratings. The French and German asset managers and insurers are calling for ..:

• The extension of the scope of future regulations to ESG data products, including raw data;
• And clarification of the scope of exemptions, which should expressly exclude ESG ratings and ESG data products used, provided or disclosed as a continuation of, or in addition to, a product or service provided by a regulated financial institution.