On 21 April 2026, the European Commission adopted a draft Commission Delegated Regulation supplementing Regulation 2024/3005 (ESG rating Regulation) with regard to regulatory technical standards (RTS) specifying the elements of ESG rating products to be disclosed to the public and to users of ESG ratings, rated items and issuers of rated items.
The structure of the draft Commission Delegated Regulation is as follows:
- Article 1 specifies that the RTS address disclosures to be made under Annex III.1 and Annex III.2 of the ESG rating Regulation.
- Article 2 specifies that disclosures made in accordance with Annex III.1 the ESG rating Regulation should be presented in accordance with the sequence and structure of the table in the Annex I of the regulatory technical standards.
- Article 3 requires a range of rating level disclosures around what is rated and what risks and impacts are measured.
- Article 4 addresses general methodological disclosures.
- Article 5 deals with disclosures on the limitations of data sources.
- Article 6 deals with disclosures on ESG rating providers’ organisational information
- Article 7 establishes a higher level of methodological disclosures for rated items and users of ESG ratings.
- Article 8 deals with disclosures on the revision of methodologies.
The draft Commission Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the European Union. It applies from 2 July 2026.