Help us develop a proportionate reporting regime for ESG ratings. Register your interest by 13 May 2026.
We're inviting ESG rating providers to join a pilot to inform future regulatory reporting once the regime is live.
Our aim is to avoid unnecessary reporting burden for firms over time.
The pilot aims to help us assess whether the proposed metrics for ESG ratings reporting are:
- clear
- feasible
- proportionate across different business models
- useful for supervisory purposes
Participants will have a direct opportunity to inform:
- the design of the future reporting framework
- regulatory reporting requirements
Based on your feedback, we may revise the metrics for the eventual reporting regime.
Who can take part
The pilot is open to all ESG rating providers who expect to be in scope of UK regulation.
Participation is voluntary.
Depending on the level of interest, we may select a representative sample of firms to take part in the pilot.
Firms applying for authorisation
The data firms provide as part of this pilot is not intended to inform authorisation[1] assessments.
If there is information relevant to your authorisation application, firms must include this as part of your application.
How to join the pilot
If you’re interested in taking part, email us by 13 May 2026.
Email: [email protected].
You should include a suitable contact for your firm.
Background
This pilot supports our work as part of our Consultation Paper, CP25/34: ‘ESG ratings – Proposed approach to regulation’[2].
As set out in CP25/34, we intend to engage with market participants on a voluntary basis to explore data availability and accessibility, including access to non-public datasets (please see page 46 of CP25/34[3]).
Note: the pilot is based on the content of CP25/34. It does not indicate final policy.
We will consult on the regulatory reporting regime before it becomes finalised rules in the Handbook.
