U.K. Investors must innovate to stay ahead of FCA’s SDR proposal
The FCA’s new sustainability disclosure requirements may prove to be a defining moment for financial services, the chief project officer at the Global Returns Project has said.
Jack Chellman told FTAdviser the FCA’s rules, which are currently being consulted on, cannot come soon enough.
“Investors are increasingly concerned about greenwashing,” he said.
“Looking ahead to 2023, asset managers must embrace innovative approaches to demonstrate their sustainability credentials if they are to satisfy their clients and rise to the challenge of constructing attractive, competitive funds in a changing investment landscape.”
Chellman highlighted that the new sustainability labels for funds in the UK will require more than just an ESG integration strategy for the funds to qualify.
“The industry will therefore need to embrace innovation in 2023 to rise to this challenge,” he said.
