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<h1>Subscriber-pays business model requires ESG ratings from public information and specified disclosure, conflict and reporting safeguards.</h1> Amendments add a defined subscriber-pays business model and impose duties on ESG rating providers using that model: base ratings only on publicly available information; ensure fees charged to a rated entity or its group/associate are the lowest among subscribers; restrict subscribers to regulated group companies/associates without conflicts; state on the website the regulator governing each ESG rating; and share rating reports simultaneously with subscribers and the rated entity, allowing two working days for comments which must be included in an addendum or lead to revision, with publication of the provider's report sharing policy and a facility for clarifications.