17 Dec 2021

On 3 November the FCA published a discussion paper (DP21/4) on Sustainability Disclosure Requirements (SDR) and investment labels.

In this discussion paper, the FCA  are seeking initial views on SDR disclosure requirements for asset managers and certain FCA-regulated asset owners, as well as the sustainable investment labelling system. The aim is to build trust in the market, enhance transparency in the interest of consumers (defined in the paper as end-consumers such as pension scheme members, retail investors etc) and meet certain information needs of institutional investors. The input the FCA  receive will inform policy proposals to be issued for consultation in Q2 2022.

The deadline for responses to this consultation is 7 January 2022. AREF’s ESG Disclosures Working Group has drafted this response from AREF.  This has been overseen by AREF’s Public Policy and ESG & Impact Investing Committees. If you have any comments regarding AREF’s response please advise Jacqui Bungay (jbungay@aref.org.uk).


Jacqui Bungay

Jacqui Bungay

AREF Policy Secretariat , AREF

Jacqui provides policy guidance and secretariat services to the AREF Board and AREF Management Committee as well as the following AREF Committees: Corporate Governance, ESG & Impact Investing, Investor, Public Affairs, Research and Information and Retails Funds. In addition, Jacqui monitors members’ compliance with AREF’s Code of Practice. 

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration at Natwest Trustee & Depositary Services.