Emma BondThe FCA has updated its website to include a page setting out its environmental, social and governance (ESG) strategy. The refreshed ESG strategy is based on five core themes: transparency, trust, tools, transition and team. The FCA expects to develop this strategy to respond to the changing landscape. The webpage also sets out some of the key actions that the FCA is taking, organised into each of the five themes, with a corresponding chart displaying upcoming milestones in 2022.
The FCA will provide interim updates on its work as part of its Business Plan and Annual Report in 2022, followed by a detailed stock-take on progress early in 2023.
The FCA has also published a discussion paper on Sustainability Disclosure Requirements (SDR) and investment labels. It is seeking views on the new SDR for asset managers and FCA regulated asset owners, in addition to a new classification and labelling system for sustainable investment products.
The discussion paper is open for consultation until 7 January 2022.
