UK ESG Rules Set Higher Bar Than EU’s, Says Group With £19 Trillion in Assets
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The UK’s proposed rules to eradicate greenwashing in investment funds set a higher bar than those already enforced in the European Union, according to one of Britain’s biggest and most influential finance industry groups.
The UK Sustainable Investment and Finance Association, whose members represent over £19 trillion ($23 trillion) in assets, said the upcoming Sustainability Disclosure Requirements (SDR) will enhance transparency for investors. While UKSIF criticized some parts of the Financial Conduct Authority’s proposals, it also praised the overall approach when held up against the EU’s Sustainable Finance Disclosure Regulation (SFDR).