EU watchdog says ESG rating firms need rules to stop 'greenwashing'
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LONDON (Reuters) - Agencies that issue ratings on how much companies and financial products are exposed to climate change need better supervision to help crack down on "greenwashing", a top European Union regulator said on Wednesday.Asset managers have increasingly turned to so-called ESG ratings agencies that rate a company on its environmental, social and governance (ESG) aspects as investors seek to avoid putting cash into firms that contribute to climate change.Greenwashing refers to..