On 21 February 2022, the International Regulatory Strategy Group published a report, ‘ESG Ratings and ESG Data in Financial Services – A view from practitioners’. ESG ratings are an increasingly popular and powerful tool in helping market practitioners assess ESG or sustainability risks and opportunities. This report explores the challenges the market faces in its present state such as the need for greater transparency from ESG rating providers, the availability, quality, and coverage of ESG data and whether ESG ratings should be regulated. A full methodology can be found in the Appendix of the report.