Chancellor Rishi Sunak has published a roadmap detailing HM Treasury’s new Sustainability Disclosure Requirements (SDR) for asset managers and investment products, which it has developed with support from the Financial Conduct Authority.
The requirements, which will also apply to pension schemes, will require businesses to begin to disclose the environmental impact of any activities they finance and "clearly justify any sustainability claims [they] make". The aim of Greening Finance: A Roadmap to Sustainable Investing, alongside helping to eradicate greenwashing across the UK's asset management industry, will be for investors to gain a better understanding of whether their portfolios are aligned with net zero. SDR was first announced at the Chancellor's Mansion House speech in July this year in a bid to streamline and...
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