ESMA_QA_2716
11/12/2025
Subject Matter
Obligation to consider issuer feedback
    Is an ESG rating provider obliged to take onboard comments provided pursuant to Article 15(12)?
    ESMA Answer
    11-12-2025

      No. Article 15(12) grants the rated item or the issuer an opportunity to inform the provider of potential factual errors prior to issuance; it does not create an obligation to amend the rating. However, the provider should carefully consider any comments received prior to issuance and retains responsibility for ensuring the quality and reliability of the rating. 

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      ESGR - Regulation (EU) 2024/3005
      Topic
      48-hour rule