Sustainability Disclosure Requirements and Investment Labels
If ever a reminder was needed on the environmental issues facing the planet, this has been highlighted to the UK. At the time of writing record temperatures are being posted, wildfires are occurring, infrastructure is collapsing and the vulnerable, as is unfortunately ever the case, are suffering.
Financial Services and markets have a vitally important role to play in the transition to a more sustainable future.
This is therefore an opportune time to note that the FCA has provided an update on the ‘next steps’ of its discussion paper on sustainability disclosure requirements and investment labels (in DP21/4).
Key Points from FCA DP21/4
- DP21/4 sought initial views on Sustainability Disclosure Requirements from certain asset managers and FCA-regulated asset owners and their investment products.
- Original initial views closed to responses in January 2022.
- Originally the FCA were planning to consult during Q2 of 2022.
- Rather encouragingly FCA have now issued an update stating that they have extended the consultation until the autumn 2022 to allow them to take into account other important international policy initiatives thus ensuring stakeholders have time to consider these issues.
Should you have any questions on Environmental, Social and Governance (“ESG”) issues or any other regulatory need please contact Xcina Consulting.
For your reference DP21/4 can be viewed here.