The Financial Conduct Authority’s final rules for the Sustainability Disclosure Requirements have been deemed the “most significant single piece of UK sustainable finance regulation to date”, despite delays, but questions remain.
Seb Beloe, partner and head of research at WHEB Asset Management, praised the regulator for the introduction of a fourth label - the Sustainability Mixed Goals category, aimed at funds investing across different sustainability objectives and strategies - arguing it has managed to close "fund labelling loopholes" by doing so. The UK Sustainable Investment and Finance Association (UKSIF) agreed, with CEO James Alexander arguing the final rules "address concerns often raised by savers over their funds' sustainability claims and profile". The rules also provide a degree of flexibility for...
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