In November 2021 the FCA published a discussion paper (DP21/4) on Sustainability Disclosure Requirements (SDR) and investment labels.
In this discussion paper, the FCA saught initial views on SDR disclosure requirements for asset managers and certain FCA-regulated asset owners, as well as the sustainable investment labelling system. The aim is to build trust in the market, enhance transparency in the interest of consumers (defined in the paper as end-consumers such as pension scheme members, retail investors etc) and meet certain information needs of institutional investors. The input the FCA receive will inform policy proposals to be issued for consultation in July 2022.
AREF’s ESG Disclosures Working Group drew up AREF’s response. This was overseen by AREF’s Public Policy and ESG & Impact Investing Committees.