The Practice,Problems and Regulatory Suggestions of ESG Rating Assisting the Development of Green Finance
Currently,green finance is becoming the most dynamic development area in the financial industry,and the ESG concept in green finance is being promoted and popularized globally.ESG rating is an important part of ESG investment.This article provides a detailed overview of the rise of ESG concepts,the ESG system,and the origin and development of ESG ratings;There is a cross relationship be-tween ESG rating and green assessment certification in terms of conceptual origin and business practice,which differs significantly from traditional credit rating in terms of rating objectives,rating agencies,evaluated objects and sources of rating information,rating indicator systems,and display methods of rating results.At present,ESG business is developing rapidly internationally,and most major coun-tries adopt mandatory measures or voluntary standards for ESG regulation.China's ESG rating is still in the exploratory development stage,and there are problems in the ESG rating market such as lack of industry norms,incomplete information dis-closure mechanisms,and the need to improve ESG rating methods and conflict of interest management;At the same time,China has not yet issued clear regulatory regulations for ESG rating business.To further promote the development of green finance,it is recommended to standardize the ESG rating market,establish a unified ESG information disclosure policy,gradually establish an ESG rating methodology system,and strengthen international exchanges on ESG ratings.
Green FinanceEsg RatingCredit RatingGreen Assessment