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Work required to embed Guiding Principles for ESG investment funds, FCA finds

An illuminated sign on the A38m motorway warns drivers of vehicles that they are entering the Birmingham Clean Air Zone on October 19, 2023 in Birmingham, England
Photo: Christopher Furlong/Getty Images

FCA expects boards to take lead to ensure firms make changes required to enhance sustainability disclosures and practices.

A review published today by the FCA said that while most Authorised Fund Managers (AFMs) have made efforts to comply with the regulator’s expectations on the design, delivery, and disclosure of their ESG and sustainable funds, further improvement is needed.   

The review is a follow-up to