ESG-Rating Systems in the EU. Challenges, Solutions and Regulatory Standards

The thesis explores the complexities of the Environmental, Social, and Governance (ESG) rating ecosystem, identifying challenges such as transparency deficits, inconsistent standards, and data quality issues. It proposes an innovative regulatory framework that combines the European Securities and Markets Authority's recommendations with new research insights. This framework aims to enhance transparency, standardize methodologies, and promote global harmonization of ESG principles while maintaining methodological diversity. By addressing existing gaps, the study contributes valuable perspectives to sustainable finance discourse.