In January alone, five UK-domiciled funds have been rebranded to include ESG-friendly words such as ‘sustainable’ and experts are warning investors could face an onslaught of such rebrands as asset managers prepare for the Sustainability Disclosure Requirement (SDR) rules.
The SDR, which is pitted as the UK's response to the European Union's Sustainable Finance Disclosure Regulation (SFDR), was unveiled last year. Included in the 48-page report was a timeline that means in the next two-to-three years, managers of funds bigger than £5bn will have to meet mandatory disclosure requirements, which also incorporate taxonomy disclosures, via a sustainability report referenced within their annual reports. For funds larger than £1bn, this requirement will occur in more than three years' time. The paper came out at the end of October, and in November three UK f...
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