Almost two-thirds of UK-based asset managers in a recent survey have flagged a lack of international regulatory consistency as creating either a “significant” or “very significant” challenge for ESG investors.
The PwC survey, entitled Embracing ESG Transformation and published last month, focused on how UK asset management firms are "leveraging regulation to drive value creation". It found that, given the EU's Sustainable Finance Action Plan, which includes the roll-out of the Sustainable Finance Disclosure Regulation (SFDR), 76% of respondents said regulatory pressure was a significant driver behind their focus on ESG. ESG Blog: Calls made for public/private green bond offering Some 69% of those surveyed have already put SFDR in place within their UK entity, while 63% are implementing t...
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