Sacha Sadan, the Financial Conduct Authority’s director of ESG, has said the implementation of the Sustainability Disclosure Requirements (SDR) labels from July will help get “trust and integrity” back to the financial services sector.
Speaking at Amundi's ‘Responsible Investment Live' conference on Tuesday (30 April), he noted that while 79% of consumers would like their money to have a positive impact on the environment or society, there is a general confusion over the terminology used. In the process of drafting SDR, the regulator introduced a label called ‘course to transition'. However, he said that when it was put to consumers, they found this terminology confusing as it failed to explain what ‘transition' meant or what it entailed. The FCA eventually opted for the current label Sustainability Improvers, as co...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
