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Ordinary legislative procedure First reading

Transparency and integrity of Environmental, Social and Governance (ESG) rating activities

A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.

Where it stands: Completed: published in the Official Journal on 12 December 2024 and now EU law.

  1. ✓ Referred to committee 10 July 2023
  2. ✓ Committee work Report adopted 4 December 2023
  3. ✓ Tabled for plenary 8 December 2023
  4. ✓ Negotiations with the Council Deal approved in committee 22 February 2024
  5. ✓ Plenary vote Adopted 24 April 2024
  6. ✓ Published as law 12 December 2024
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.

Who is working on it

Lead committee
ECON — Economic and Monetary Affairs
Rapporteur
Aurore LALUCQ S&D
Shadow rapporteurs
MEP #1992 PPEMEP #204733 ECRBilly KELLEHER RenewRasmus ANDRESEN Verts/ALEMEP #28586 The Left
For opinion
EMPL — Employment and Social Affairs JURI — Legal Affairs · rapporteur MEP #124693 S&DENVI — Environment, Climate and Food Safety

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Adopted by Parliament · latest Adopted text TA9-0347/2024 24 April 2024 ✦ Parliament's position on a proposed regulation sets rules for Environmental, Social and Governance (ESG) rating activities. It requires ESG rating providers authorised in the EU to be registered and supervised, and lays down rules on transparency, integrity and conflicts of interest.⇄ what changed Tabled for plenary Report A9-0417/2023 8 December 2023 ✦ Parliament's amended version of the Commission proposal for a regulation on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities. It sets authorisation and supervision by the European Securities and Markets Authority (ESMA), rules for third-country providers, and requirements on methodology, conflicts of interest and disclosure.⇄ what changed Committee draft Draft report (ECON) 6 October 2023 ✦ The rapporteur's draft report sets out Parliament's amendments to the proposed regulation on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities.

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Outcome
  2. 12 December 2024 Published in the Official Journal

    The act is now EU law.

  3. 27 November 2024 Signed by the Presidents of Parliament and the Council

    The last step before the act is published in the Official Journal.

  4. Plenary stage
  5. 24 April 2024 Plenary vote
    Sitting of 24 April 2024 📄 Adopted text TA9-0347/2024📄 Report A9-0417/2023
    Adopted Adopted by a large majority
    For 464 Against 115 Abstained 13

    Final vote on the provisional agreement at 18:31 · 78% of votes cast in favour · every MEP’s position →

    How the vote unfolded · 5 ballots

    adopted rejected lapsed square = amendment circle = part of the text decisive vote Solid = roll call (click for every MEP’s vote); faded = no individual positions

    Show all 5 ballots in voting order
    1. Request to vote on the amendments to the draft legislative act
    — no individual positions recorded
    Rejected
    2. Final vote on the provisional agreement 18:31 A9-0417/2023 - Aurore Lalucq - Accord provisoire - Am 2
    Adopted
    3. Final vote Text as a whole
    — no individual positions recorded
    4. Vote on text inserted after recital 3
    — no individual positions recorded
    5. Final vote Commission proposal
  6. Negotiations with the Council
  7. 22 February 2024 Committee approved the deal reached with the Council

    The provisional agreement from the trilogues goes to the whole Parliament for a vote.

    📄 ECON-AG-759068
  8. 13 December 2023 Plenary endorsed the mandate to negotiate with the Council

    Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).

  9. Plenary stage
  10. 8 December 2023 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    📄 Report A9-0417/2023
  11. Committee stage
  12. 4 December 2023 Committee vote: report adopted

    ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.

  13. 29 November 2023 Committee opinion adopted

    The opinion is attached to the report for the lead committee to consider.

    📄 JURI-AL-756346
  14. 6 October 2023 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

    📄 Draft report (ECON)
  15. 10 July 2023 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares the report; EMPL (Employment and Social Affairs), JURI (Legal Affairs), ENVI (Environment, Climate and Food Safety) give an opinion.