Recital 34

(34)To ensure a sufficient level of quality, it is recommended that ESG ratings take into account Union objectives and international standards for each factor. As such, ESG rating providers should provide information on whether the ESG rating takes into account, amongst others, the targets and objectives of relevant international agreements, including those of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (the ‘Paris Agreement’) approved by the Union on 5 October 2016 ¹¹ for the E factor, compliance with the International Labour Organisation’s core conventions on the right to organise and collective bargaining for the S factor, and alignment with international standards on tax evasion and avoidance for the G factor.