Finance for positive sustainable change
Sustainability has been a key theme for regulation over the past few years. However, the latest sustainability Discussion Paper from the FCA, “Finance for positive sustainable change” (DP23/1) is the regulator’s first attempt to map out the challenges involved in extending its regulatory expectations on sustainability and ESG beyond climate-related risks, and into territory such as human rights, diversity and inclusion, nature and biodiversity.
It also lays out its intention to extend its expectations beyond disclosure, into a place where finance is actually driving positive change. Most issues in the Discussion Paper are raised as questions. Firms will be expected to set their own sustainability strategy, but the FCA will set expectations on how that strategy is delivered. Responses to the Discussion Paper are required by 10 May.
Follow these links for more insight:
Diversity and Inclusion in the Insurance Sector / 2 – D&I in practice
Climate Change Financial Risk