Overseas policy sees FCA delay next step on ESG labels
- On July 6, 2022
- By GrowthInvest Marketing
The FCA has delayed the implementation of sustainable investment labels to allow it to take account of other international policy initiatives.
In an update yesterday (July 4), the regulator said it had aimed to consult on the sustainability disclosure requirements (SDR) in the second quarter of the year, but will now undertake the exercise this autumn.
It said this will “allow us to take account of other international policy initiatives and ensure stakeholders have time to consider these issues”.
Last month the Securities and Exchange Commission proposed a new set of rules on climate-related disclosures, to be phased in from 2023.
If adopted, these will require funds and advisers to provide more specific ESG disclosures in fund prospectuses, annual reports, and adviser brochures.
Funds with a “consideration of environmental factors” would need to disclose the greenhouse gas emissions associated with the investments in their portfolios, and those claiming to have a specific ESG impact would need to outline that impact and summarise their progress towards their goals.
GET IN TOUCH!
MAIL US
enquiries@growthinvest.comCALL US
020 7071 3945FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.
GrowthInvest is a trading name of EIS Platforms Limited. EIS Platforms Limited (FRN: 694945) is an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK.
All rights reserved 2023 @ growthinvest