The Financial Conduct Authority has been urged to act on sustainability disclosure, with industry experts saying the issue risked being “perpetually kicked down the road”.

Earlier this week the regulator announced a delay in the release of SDR, the first draft of which was due to be released in the second quarter of the year.

The FCA said it had postponed this until the autumn to allow it to take into account other international policy initiatives.

EU-wide rules on sustainbility disclosure – SFDR – were due to come into effect in the UK in March 2021 but were not implemented due to Brexit.

The UK government chose not to implement the EU rules and decided to draw up its own instead.

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