{"id":4515,"date":"2024-12-17T10:13:00","date_gmt":"2024-12-17T09:13:00","guid":{"rendered":"https:\/\/dolezalpartners.com\/?p=4515"},"modified":"2024-12-23T10:25:50","modified_gmt":"2024-12-23T09:25:50","slug":"evropska-unie-schvalila-nova-pravidla-pro-esg-ratingy","status":"publish","type":"post","link":"https:\/\/dolezalpartners.com\/sk\/evropska-unie-schvalila-nova-pravidla-pro-esg-ratingy\/","title":{"rendered":"Evropsk\u00e1 unie schv\u00e1lila nov\u00e1 pravidla pro ESG ratingy"},"content":{"rendered":"\n

Na p\u016fd\u011b Evropsk\u00e9 unie byl schv\u00e1len n\u00e1vrh nov\u00e9ho na\u0159\u00edzen\u00ed upravuj\u00edc\u00edho oblast ESG rating\u016f[1]<\/a> (d\u00e1le tak\u00e9 jako \u201eNa\u0159\u00edzen\u00ed\u201c). C\u00edlem Na\u0159\u00edzen\u00ed je zejm\u00e9na stanovit z\u00e1kladn\u00ed regulaci \u010dinnosti poskytovatel\u016f ESG rating\u016f a po\u017eadavky k zaji\u0161t\u011bn\u00ed transparentnosti pou\u017eit\u00fdch metodik, standard\u016f a postup\u016f, co\u017e by m\u011blo mimo jin\u00e9 zv\u00fd\u0161it relevantnost vz\u00e1jemn\u00e9ho porovn\u00e1n\u00ed a hodnocen\u00ed zve\u0159ejn\u011bn\u00fdch ESG rating\u016f.<\/p>\n\n\n\n

ESG rating<\/strong><\/p>\n\n\n\n

Jedn\u00edm ze z\u00e1kladn\u00edch pojm\u016f, kter\u00e9 je pot\u0159ebn\u00e9 si na \u00favod definovat, je pojem ESG rating. Dle Na\u0159\u00edzen\u00ed je ESG ratingem stanovisko \u010di sk\u00f3re, p\u0159\u00edpadn\u011b kombinace oboj\u00edho, kter\u00e9 posuzuje hodnocenou polo\u017eku (typicky \u010dinnost konkr\u00e9tn\u00edch subjekt\u016f \u010di finan\u010dn\u00ed n\u00e1stroje)[2]<\/a> z pohledu environment\u00e1ln\u00edch, soci\u00e1ln\u00edch, lidskopr\u00e1vn\u00edch a spr\u00e1vn\u00edch faktor\u016f, a to v\u010detn\u011b souvisej\u00edc\u00edch rizik a dopad\u016f na tyto faktory. Prim\u00e1rn\u00edm d\u016fvodem pro po\u0159\u00edzen\u00ed ESG rating\u016f b\u00fdv\u00e1 obecn\u011b z\u00e1jem investor\u016f na z\u00edsk\u00e1n\u00ed podklad\u016f pro investi\u010dn\u00ed rozhodnut\u00ed \u010di z\u00e1jem subjektu, kter\u00e9ho se hodnocen\u00ed t\u00fdk\u00e1, na posouzen\u00ed rizik a p\u0159\u00edle\u017eitost\u00ed spojen\u00fdch s jeho \u010dinnost\u00ed.<\/p>\n\n\n\n

P\u0159edm\u011bt, \u00fa\u010del a p\u016fsobnost<\/strong><\/p>\n\n\n\n

P\u0159edm\u011btem Na\u0159\u00edzen\u00ed je p\u0159edev\u0161\u00edm stanoven\u00ed pravidel a po\u017eadavk\u016f na poskytovatele ESG rating\u016f s c\u00edlem zajistit kvalitu a srovnatelnost vydan\u00fdch rating\u016f nap\u0159\u00ed\u010d Evropskou uni\u00ed. Pot\u0159eba stanoven\u00ed alespo\u0148 z\u00e1kladn\u00edch pravidel vyvstala s ohledem na skute\u010dnost, \u017ee ESG ratingy sehr\u00e1vaj\u00ed po\u0159\u00e1d d\u016fle\u017eit\u011bj\u0161\u00ed roli p\u0159i rozhodov\u00e1n\u00ed na kapit\u00e1lov\u00fdch trz\u00edch, kdy jsou \u010dasto vyu\u017e\u00edv\u00e1ny jako referen\u010dn\u00ed \u00fadaje pro posouzen\u00ed v\u00fdkonnosti \u010di rizik v oblasti udr\u017eitelnosti. Jeliko\u017e mohou m\u00edt ESG ratingy zna\u010dn\u00fd vliv na fungov\u00e1n\u00ed unijn\u00edho trhu a d\u016fv\u011bru investor\u016f \u010di spot\u0159ebitel\u016f, je jedn\u00edm ze z\u00e1kladn\u00edch c\u00edl\u016f t\u00e9to nov\u00e9 pr\u00e1vn\u00ed \u00fapravy zajistit vysokou \u00farove\u0148 jejich ochrany, a v t\u00e9to souvislosti rovn\u011b\u017e p\u0159isp\u011bt k boji s probl\u00e9mem tzv. greenwashingu<\/em> a social washingu[3]<\/strong><\/a><\/em>.<\/p>\n\n\n\n

Do p\u016fsobnosti Na\u0159\u00edzen\u00ed spadaj\u00ed prim\u00e1rn\u011b ESG ratingy vyd\u00e1van\u00e9 poskytovateli usazen\u00fdmi v Evropsk\u00e9 unii, p\u0159i\u010dem\u017e na poskytovatele ESG rating\u016f usazen\u00e9 mimo Evropskou unii se budou tato pravidla vztahovat ve stanoven\u00fdch p\u0159\u00edpadech.<\/p>\n\n\n\n

Na\u0159\u00edzen\u00ed se pak nevztahuje nap\u0159. na soukrom\u00e9 ESG ratingy, kter\u00e9 nejsou ur\u010deny ke zve\u0159ejn\u011bn\u00ed \u010di k distribuci, ESG ratingy vyd\u00e1van\u00e9 finan\u010dn\u00edmi podniky pro intern\u00ed \u00fa\u010dely, ESG ratingy vydan\u00e9 org\u00e1ny, institucemi a jin\u00fdmi subjekty EU \u010di org\u00e1ny ve\u0159ejn\u00e9 spr\u00e1vy, pokud tyto ratingy nejsou komer\u010dn\u011b publikov\u00e1ny \u010di distribuov\u00e1ny[4]<\/a>.<\/p>\n\n\n\n

Poskytovatel\u00e9 ESG ratingu<\/strong><\/p>\n\n\n\n

Podle Na\u0159\u00edzen\u00ed je poskytovatelem ESG ratingu pr\u00e1vnick\u00e1 osoba, kter\u00e1 v r\u00e1mci sv\u00e9 \u010dinnosti na profesion\u00e1ln\u00edm z\u00e1klad\u011b vyd\u00e1v\u00e1, zve\u0159ej\u0148uje \u010di distribuuje ESG ratingy. Prov\u00e1d\u011bn\u00ed t\u00e9to \u010dinnosti bude nov\u011b podl\u00e9hat povolen\u00ed, je\u017e vyd\u00e1v\u00e1 na z\u00e1klad\u011b \u017e\u00e1dosti poskytovatele Evropsk\u00fd org\u00e1n pro cenn\u00e9 pap\u00edry a trhy (d\u00e1le tak\u00e9 jako \u201eESMA<\/strong>\u201c) jako\u017eto org\u00e1n dohledu.<\/p>\n\n\n\n

Za \u00fa\u010delem podpory mal\u00fdch poskytovatel\u016f ESG rating\u016f[5]<\/a> zav\u00e1d\u00ed Na\u0159\u00edzen\u00ed do\u010dasn\u00fd re\u017eim, dle kter\u00e9ho mohou tito poskytovatel\u00e9 po dobu a\u017e t\u0159\u00ed let vyu\u017e\u00edvat na z\u00e1klad\u011b registrace u ESMA zjednodu\u0161en\u00fd re\u017eim. Dal\u0161\u00ed zvl\u00e1\u0161tn\u00ed re\u017eim Na\u0159\u00edzen\u00ed stanovuje pro poskytovatele ESG rating\u016f usazen\u00e9 mimo Evropskou unii[6]<\/a>.<\/p>\n\n\n\n

Poskytovatel\u00e9 ESG rating\u016f budou muset v r\u00e1mci sv\u00e9 \u010dinnosti dodr\u017eovat z\u00e1sady a pravidla stanoven\u00e1 Na\u0159\u00edzen\u00edm, a to zejm\u00e9na za \u00fa\u010delem zaji\u0161t\u011bn\u00ed integrity, transparentnosti, odpov\u011bdnosti a \u0159\u00e1dn\u00e9 spr\u00e1vy p\u0159i tvorb\u011b, zve\u0159ej\u0148ov\u00e1n\u00ed a distribuci ESG rating\u016f. Na z\u00e1klad\u011b nov\u00e9 pr\u00e1vn\u00ed \u00fapravy bude nezbytn\u00e9 p\u0159ijmout mimo jin\u00e9 pravidla, syst\u00e9my a postupy, prost\u0159ednictv\u00edm kter\u00fdch bude mo\u017en\u00e9 nejenom zajistit pln\u011bn\u00ed po\u017eadavk\u016f Na\u0159\u00edzen\u00ed, ale i efektivn\u00ed kontrolu pln\u011bn\u00ed t\u011bchto po\u017eadavk\u016f. V r\u00e1mci snahy o eliminaci \u010di limitaci p\u0159\u00edpadn\u00fdch st\u0159etu z\u00e1jm\u016f obsahuje Na\u0159\u00edzen\u00ed i omezen\u00ed \u010dinnost\u00ed, kter\u00e9 jsou poskytovatel\u00e9 ESG rating\u016f opr\u00e1vn\u011bni vykon\u00e1vat[7]<\/a>.<\/p>\n\n\n\n

V t\u00e9to souvislosti je d\u016fle\u017eit\u00e9 upozornit, \u017ee Na\u0159\u00edzen\u00ed zav\u00e1d\u00ed povinnosti a po\u017eadavky rovn\u011b\u017e ve vztahu k osob\u00e1m, kter\u00e9 se na poskytov\u00e1n\u00ed ESG rating\u016f pod\u00edl\u00ed, a\u0165 ji\u017e jde o ratingov\u00e9 analytiky, zam\u011bstnance \u010di extern\u00ed partnery na z\u00e1klad\u011b smluvn\u00ed spolupr\u00e1ce. Ve vztahu k t\u011bmto osob\u00e1m jsou stanoveny povinnosti t\u00fdkaj\u00edc\u00ed se zejm\u00e9na zaji\u0161t\u011bn\u00ed jejich erudice a kvalifikovanosti, zaji\u0161t\u011bn\u00ed d\u016fv\u011brnosti informac\u00ed, s nimi\u017e p\u0159i sv\u00e9 \u010dinnosti nakl\u00e1daj\u00ed a eliminace p\u0159\u00edpadn\u00fdch z\u00e1jm\u016f \u010di obchodn\u00edch styk\u016f, kter\u00e9 by mohly vytv\u00e1\u0159et st\u0159et z\u00e1jm\u016f.<\/p>\n\n\n\n

Z\u00e1kladn\u00ed po\u017eadavky na \u010dinnosti poskytovatel\u016f ESG rating\u016f<\/strong><\/p>\n\n\n\n

C\u00edlem Na\u0159\u00edzen\u00ed nen\u00ed p\u0159\u00edmo zasahovat do obsahu ESG rating\u016f \u010di do metodik, kter\u00e9 slou\u017e\u00ed jako podklad pro jejich vyhotovov\u00e1n\u00ed. Na\u0159\u00edzen\u00ed v tomto sm\u011bru pouze stanovuje z\u00e1kladn\u00ed z\u00e1sady spo\u010d\u00edvaj\u00edc\u00ed v d\u016fslednosti, systemati\u010dnosti, nez\u00e1vislosti, od\u016fvodnitelnosti, kontinu\u00e1lnosti a transparentnosti, \u010d\u00edm\u017e je zaji\u0161t\u011bn tlak na kvalitu ESG rating\u016f ze strany jejich po\u0159izovatel\u016f \u010di u\u017eivatel\u016f. Pr\u00e1vn\u00ed \u00faprava tedy nap\u0159. nebude poskytovateli ESG ratingu p\u0159esn\u011b stanovovat, co mus\u00ed jim pou\u017e\u00edvan\u00e1 metodika obsahovat, stanov\u00ed ov\u0161em povinnost tuto metodiku transparentn\u011b zve\u0159ejnit. Bude-li s ohledem na zve\u0159ejn\u011bnou metodiku vypl\u00fdvat, \u017ee dan\u00fd poskytovatel vyu\u017e\u00edv\u00e1 pro vypracov\u00e1n\u00ed ESG ratingu kvalitativn\u011b nedostate\u010dnou metodiku, nemus\u00ed b\u00fdt jim vyd\u00e1van\u00e9 ESG ratingy pova\u017eov\u00e1ny za dostate\u010dn\u011b relevantn\u00ed, co\u017e m\u016f\u017ee m\u00edt vliv na dal\u0161\u00ed obchodn\u00ed p\u0159\u00edle\u017eitosti a uplatn\u011bn\u00ed takov\u00e9hoto poskytovatele v r\u00e1mci trhu ESG rating\u016f.<\/p>\n\n\n\n

Na\u0159\u00edzen\u00ed explicitn\u011b vymezuje po\u017eadavky na transparentnost a nez\u00e1vislost (st\u0159ety z\u00e1jm\u016f)[8]<\/a>. Poskytovatel\u00e9 ESG rating\u016f budou povinni zve\u0159ej\u0148ovat jasn\u00fdm a z\u0159eteln\u00fdm zp\u016fsobem na sv\u00fdch internetov\u00fdch str\u00e1nk\u00e1ch alespo\u0148 informace o u\u017eit\u00fdch metodik\u00e1ch, modelech a kl\u00ed\u010dov\u00fdch p\u0159edpokladech v oblasti ESG ratingu.<\/p>\n\n\n\n

Ve vztahu k zaji\u0161t\u011bn\u00ed nez\u00e1vislosti a vylou\u010den\u00ed st\u0159etu z\u00e1jmu stanovuje Na\u0159\u00edzen\u00ed po\u017eadavky ve dvou hlavn\u00edch rovin\u00e1ch, a to preventivn\u00ed, tj. nastaven\u00ed syst\u00e9mu k p\u0159edch\u00e1zen\u00ed t\u011bmto rizikov\u00fdm p\u0159\u00edpad\u016fm a reaktivn\u00ed, zam\u011b\u0159en\u00e9 na \u0159e\u0161en\u00ed ji\u017e vznikl\u00fdch rizikov\u00fdch p\u0159\u00edpad\u016f. Nez\u00e1vislost a st\u0159et z\u00e1jm\u016f jsou p\u0159itom \u0159e\u0161eny jak na \u00farovni samotn\u00e9ho poskytovatele ESG ratingu, nap\u0159. ve vztahu k rizik\u016fm souvisej\u00edc\u00edm s vlivem propojen\u00fdch osob \u010di akcion\u00e1\u0159\u016f, tak i ve vztahu k jednotliv\u00fdm osob\u00e1m pod\u00edlej\u00edc\u00edm se na procesu vyd\u00e1v\u00e1n\u00ed ESG rating\u016f (tyto osoby nap\u0159. nesm\u00ed b\u00fdt odm\u011b\u0148ov\u00e1ny nebo hodnoceny zp\u016fsobem, jen\u017e by mohl sni\u017eovat integritu p\u0159\u00edslu\u0161n\u00fdch proces\u016f).<\/p>\n\n\n\n

Zbyl\u00e9 z\u00e1kladn\u00ed z\u00e1sady (d\u016fslednost, systemati\u010dnost, od\u016fvodnitelnosti, kontinu\u00e1lnosti) jsou v Na\u0159\u00edzen\u00ed adresov\u00e1ny prost\u0159ednictv\u00edm obecn\u011bj\u0161\u00edch po\u017eadavk\u016f a pravidel pro \u010dinnost poskytovatel\u016f ESG rating\u016f. Jejich hlavn\u00edm c\u00edlem je zaji\u0161t\u011bn\u00ed kvality prov\u00e1d\u011bn\u00fdch proces\u016f a hodnocen\u00ed, jako\u017e i v\u011brohodnosti samotn\u00fdch ESG rating\u016f a v nich obsa\u017een\u00fdch z\u00e1v\u011br\u016f, a to mimo jin\u00e9 za \u00fa\u010delem zabezpe\u010den\u00ed vz\u00e1jemn\u00e9 porovnatelnosti ESG rating\u016f a relevantnosti takov\u00e9hoto porovn\u00e1n\u00ed nap\u0159\u00ed\u010d trhem z pohledu u\u017eit\u00e9 metodologie[9]<\/a>.<\/p>\n\n\n\n

Dohled<\/strong><\/p>\n\n\n\n

Dohled nad dodr\u017eov\u00e1n\u00edm povinnost\u00ed vypl\u00fdvaj\u00edc\u00edch z Na\u0159\u00edzen\u00ed bude vykon\u00e1vat ESMA. Ten je opr\u00e1vn\u011bn v r\u00e1mci dohledu a kontroly pln\u011bn\u00ed povinnost\u00ed dle Na\u0159\u00edzen\u00ed prov\u00e1d\u011bt nap\u0159. obecn\u00e1 \u0161et\u0159en\u00ed \u010di kontroly na m\u00edst\u011b, v r\u00e1mci nich\u017e m\u016f\u017ee p\u0159ezkoum\u00e1vat podklady, p\u0159edvol\u00e1vat osoby z\u00fa\u010dastn\u011bn\u00e9 na vyhotoven\u00ed ESG ratingu \u010di zape\u010detit provozn\u00ed prostory nebo \u00fa\u010detn\u00ed knihy poskytovatele ESG ratingu. Pokud je zji\u0161t\u011bno poru\u0161en\u00ed Na\u0159\u00edzen\u00ed, m\u016f\u017ee ESMA na\u0159\u00eddit poskytovateli, aby ukon\u010dil protipr\u00e1vn\u00ed jedn\u00e1n\u00ed, vydat ve\u0159ejn\u00e9 ozn\u00e1men\u00ed, ulo\u017eit poskytovateli pokutu \u010di pen\u00e1le nebo mu pozastavit, p\u0159\u00edpadn\u011b i odebrat povolen\u00ed k vyd\u00e1v\u00e1n\u00ed ESG rating\u016f.<\/p>\n\n\n\n

V\u00fd\u0161e ud\u011blen\u00e9 pokuty m\u016f\u017ee \u010dinit a\u017e 10 % z \u010dist\u00e9ho ro\u010dn\u00edho obratu poskytovatele ESG ratingu. V p\u0159\u00edpad\u011b, \u017ee poskytovatel odm\u00edt\u00e1 sou\u010dinnost (nap\u0159. ne\u00fapln\u00fdm poskytnut\u00edm informac\u00ed \u010di nepodroben\u00edm se \u0161et\u0159en\u00ed) je ESMA opr\u00e1vn\u011bn ud\u011blit poskytovateli ESG ratingu i pen\u00e1le na denn\u00edm z\u00e1klad\u011b, a to a\u017e ve v\u00fd\u0161i 3 % pr\u016fm\u011brn\u00e9ho denn\u00edho obratu.<\/p>\n\n\n\n

\u00da\u010dinnost Na\u0159\u00edzen\u00ed<\/strong><\/p>\n\n\n\n

Nov\u00e1 pravidla obsa\u017een\u00e1 v Na\u0159\u00edzen\u00ed se za\u010dnou uplat\u0148ovat 18 m\u011bs\u00edc\u016f po vstupu Na\u0159\u00edzen\u00ed do platnosti, tj. od vyhl\u00e1\u0161en\u00ed na\u0159\u00edzen\u00ed v \u00da\u0159edn\u00edm v\u011bstn\u00edku Evropsk\u00e9 unie.<\/p>\n\n\n\n

Z\u00e1v\u011br<\/strong><\/p>\n\n\n\n

Na\u0159\u00edzen\u00ed p\u0159edstavuje dal\u0161\u00ed krok vp\u0159ed v r\u00e1mci unijn\u00ed legislativy v oblasti udr\u017eitelnosti. Dopln\u011bn\u00ed pr\u00e1vn\u00ed \u00fapravy v tomto sm\u011bru bylo pot\u0159ebn\u00e9 zejm\u00e9na s ohledem na n\u00e1rust d\u016fle\u017eitosti ESG rating\u016f a jejich dopady na p\u0159esun kapit\u00e1lu jak v r\u00e1mci investi\u010dn\u00edho trhu, tak i v r\u00e1mci jednotliv\u00fdch podnik\u016f sm\u011brem k udr\u017eiteln\u011bj\u0161\u00edm \u010dinnostem. Hlavn\u00edm c\u00edlem Na\u0159\u00edzen\u00ed je tak zejm\u00e9na zajistit, aby byly ESG ratingy zve\u0159ej\u0148ovan\u00e9 v r\u00e1mci Evropsk\u00e9 unie srovnateln\u00e9, transparentn\u00ed a dostate\u010dn\u011b kvalitn\u00ed, a to za \u00fa\u010delem zv\u00fd\u0161en\u00ed \u00farovn\u011b trhu ESG rating\u016f a ochrany investor\u016f a spot\u0159ebitel\u016f. Bude tedy ur\u010dit\u011b zaj\u00edmav\u00e9 pozorovat dopady Na\u0159\u00edzen\u00ed (a dohledu prov\u00e1d\u011bn\u00e9ho ESMA) na p\u0159edm\u011btn\u00e9 trhy, jako\u017e i zp\u016fsob, jak\u00fdm se s novou pr\u00e1vn\u00ed \u00fapravou poskytovatel\u00e9 ESG rating\u016f vypo\u0159\u00e1daj\u00ed.<\/p>\n\n\n\n

\u00dapln\u00e9 zn\u011bn\u00ed \u010dl\u00e1nku naleznete na adrese: https:\/\/www.epravo.cz\/top\/clanky\/evropska-unie-schvalila-nova-pravidla-pro-esg-ratingy-118949.html<\/a><\/p>\n\n\n\n

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[1]<\/a> Na\u0159\u00edzen\u00ed Evropsk\u00e9ho parlamentu a Rady (EU) o transparentnosti a integrit\u011b \u010dinnost\u00ed v oblasti environment\u00e1ln\u00edho, soci\u00e1ln\u00edho a spr\u00e1vn\u00edho (ESG) ratingu a o zm\u011bn\u011b na\u0159\u00edzen\u00ed (EU) 2019\/2088 a (EU) 2023\/2859.<\/p>\n\n\n\n

[2]<\/a> Nap\u0159. \u00fav\u011bry, kapit\u00e1lov\u00e9 a kvazikapit\u00e1lov\u00e9 investice, opce, futures, swapy, forwardy \u010di emisn\u00ed povolenky.<\/p>\n\n\n\n

[3]<\/a> Uveden\u00fdmi pojmy se ozna\u010duje jedn\u00e1n\u00ed spole\u010dnost\u00ed, kter\u00e9 nepravdiv\u00fdm \u010di zav\u00e1d\u011bj\u00edc\u00edm zp\u016fsobem zve\u0159ej\u0148uj\u00ed informace o sv\u00fdch dopadech na \u017eivotn\u00ed prost\u0159ed\u00ed \u010di sv\u00e9 soci\u00e1ln\u00ed odpov\u011bdnosti.<\/p>\n\n\n\n

[4]<\/a> K tomu viz nap\u0159. \u010dl. 2 odst. 2 Na\u0159\u00edzen\u00ed.<\/p>\n\n\n\n

[5]<\/a> Poskytovatel\u00e9 spl\u0148uj\u00edc\u00ed definici mal\u00e9ho podniku \u010di mal\u00e9 skupiny podle sm\u011brnice Evropsk\u00e9ho parlamentu a Rady 2013\/34\/EU ze dne 26. \u010dervna 2013 o ro\u010dn\u00edch \u00fa\u010detn\u00edch z\u00e1v\u011brk\u00e1ch, konsolidovan\u00fdch \u00fa\u010detn\u00edch z\u00e1v\u011brk\u00e1ch a souvisej\u00edc\u00edch zpr\u00e1v\u00e1ch n\u011bkter\u00fdch forem podnik\u016f, o zm\u011bn\u011b sm\u011brnice Evropsk\u00e9ho parlamentu a Rady 2006\/43\/ES a o zru\u0161en\u00ed sm\u011brnic Rady 78\/660\/EHS a 83\/349\/EHS, ve zn\u011bn\u00ed pozd\u011bj\u0161\u00edch p\u0159edpis\u016f<\/p>\n\n\n\n

[6]<\/a> K tomu viz \u010dl. 10 a n\u00e1sl. Na\u0159\u00edzen\u00ed.<\/p>\n\n\n\n

[7]<\/a> K tomu viz \u010dl. 16 Na\u0159\u00edzen\u00ed.<\/p>\n\n\n\n

[8]<\/a> Viz \u010dl. 23 a n\u00e1sl. Na\u0159\u00edzen\u00ed.<\/p>\n\n\n\n

[9]<\/a> Chiu, Iris H.-Y. Regulating ESG Rating and Data Product Providers: Critically Examining EU Regulation through the Lens of Functional Regulatory Consistency. Cambridge University Press, 2024. Dostupn\u00e9 z: https:\/\/www.cambridge.org\/core\/journals\/european-journal-of-risk-regulation\/article\/regulating-esg-rating-and-data-product-providers-critically-examining-eu-regulation-through-the-lens-of-functional-regulatory-consistency\/AAF237AA1EF12161A6A9AC9C2B94509E<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Na p\u016fd\u011b Evropsk\u00e9 unie byl schv\u00e1len n\u00e1vrh nov\u00e9ho na\u0159\u00edzen\u00ed upravuj\u00edc\u00edho oblast ESG rating\u016f[1] (d\u00e1le tak\u00e9 jako \u201eNa\u0159\u00edzen\u00ed\u201c). C\u00edlem Na\u0159\u00edzen\u00ed je zejm\u00e9na stanovit z\u00e1kladn\u00ed regulaci \u010dinnosti poskytovatel\u016f ESG rating\u016f a po\u017eadavky k zaji\u0161t\u011bn\u00ed transparentnosti pou\u017eit\u00fdch metodik, standard\u016f a postup\u016f, co\u017e by m\u011blo mimo jin\u00e9 zv\u00fd\u0161it relevantnost vz\u00e1jemn\u00e9ho porovn\u00e1n\u00ed a hodnocen\u00ed zve\u0159ejn\u011bn\u00fdch ESG rating\u016f. ESG rating Jedn\u00edm ze z\u00e1kladn\u00edch […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4515","post","type-post","status-publish","format-standard","hentry","category-uncategorized-sk"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/posts\/4515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/comments?post=4515"}],"version-history":[{"count":2,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/posts\/4515\/revisions"}],"predecessor-version":[{"id":4518,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/posts\/4515\/revisions\/4518"}],"wp:attachment":[{"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/media?parent=4515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/categories?post=4515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dolezalpartners.com\/sk\/wp-json\/wp\/v2\/tags?post=4515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}