Regulatory Disclosures

Iceberg Data Lab's Notification Under ESMA

31.07.26

On 2 July 2026, Regulation (EU) 2024/3005 on ESG ratings entered into force, and applies to all environmental, social and governmental (ESG) rating providers operating in the European Union (EU).

The regulation establishes a unified standard for ESG ratings in the EU, with the aim of increasing the transparency and integrity of these ratings, strengthening investor confidence in ESG financial products, and shaping the EU market for sustainable finance.

ESG rating providers will require authorization by the European Supervision and Market Authority (ESMA), and must notify their intent to apply for authorisation. 

Iceberg Data Lab submitted this notification of intent to be authorized as a small ESG rating provider under Article 51 of Regulation (EU) 2024/3005 on the 10th of July, 2026.

Iceberg Data Lab welcomes the regulation by ESMA and the increased trust in ESG signals that it will deliver, protecting the interests of investors and the public at large and supporting the financing of the transition.

Our commitment to good governance 

Iceberg Data Lab, since its inception, has been committed to the key pillars in terms of good governance of the data as promoted by IOSCO.

Our commitment to transparency is built into the publication of our client guides, where we consistently include information on our production models and limitations in the approaches.

Similarly, we have always considered preventing conflict of interest as a critical part of data integrity and have never taken part in advisory services or provision of services to issuers.

This new step managed by ESMA highlights a new level of maturity in the ESG rating sector. The CEO of Iceberg Data Lab has been a long-term supporter of this process and we are pleased to see this new regime implemented.

What this means for our clients

In practice, this authorization formalizes what Iceberg Data Lab has done since inception: full transparency on our production models, clear disclosure of the limitations of every methodology, and a strict wall between data provision and advisory or issuer-facing services. 

You should expect no disruption to the coverage, delivery, or quality of the data and scores you already use — our notification of intent, and the authorization process that follows, run alongside our normal production and delivery schedule. 

We will keep you posted as our authorization progresses, and our team is available to talk through what this means for your specific use cases.

To read our full methodology, visit icebergdatalab.com/documents. To discuss what the Regulation means for your ESG data, get in touch with our team.

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Data Governance Policy