The Financial Conduct Authority has been called on to review the current Sustainability Disclosure Requirements (SDR) in order to include ethical funds in their remit.
Speaking at the SRI Services Good Money Week conference on Thursday (3 October), Miranda Beacham, head of UK responsible investment at Aegon Asset Management, highlighted the "challenging" implementation process of SDR, which has exceeded the industry's expectations. Although she praised the regulator for pushing for greater transparency within the sustainable investment landscape, she argued the current SDR regime has some shortcomings. More specifically, she noted that ethical funds are not included in the regulation's remit and are not eligible for one of the four labels, as they a...
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