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September 15, 2023

Editor’s note: climate talks and sustainability disclosures

Financial Conduct Authority logo_FCA
Asset managers in the UK are calling on the Financial Conduct Authority to release its sustainability disclosure rules proposal sooner rather than later (Photo: Toby Melville:Reuters)

The latest edition of our Sustainable Views newsletter

Dear reader,

Yesterday, the European Commission launched a consultation on whether to replace the regime created by its Sustainable Finance Disclosure Regulation with “more precise” categories.

“This idea of a categorisation system is an acknowledgement of, fundamentally, some of the failures or weaknesses of SFDR,” law firm Ashurst’s Lorraine Johnston told Alex. Read our piece for all the details and the immediate reactions to the news.

(And head to our policy tracker for an overview of SFDR obligations and our coverage of the rules.)

Here in the UK, some asset managers are already calling on the Financial Conduct Authority to release its sustainability disclosure rules proposal sooner rather than later, so that this could be taken into account by respondents to the SFDR review, as Apex Group’s Melville Rodrigues wrote in a press note this morning.

The FCA had postponed the publication of its draft regulation to the last quarter of the year. The SFDR consultation closes on December 15.

Sustainability disclosures, whether specifically by financial companies or across industries, will no doubt find their way into the packed schedule of events taking place in New York in the next few days. 

Climate Week NYC discussions will be running alongside UN General Assembly meetings, the UN secretary-general António Guterres’s Climate Ambition Summit and the SDG Summit – as well as seemingly endless side events.

I’ll be there, joining a few talks. It’ll be a busy but interesting week, and I’m keen to hear your thoughts on your own New York conversations. Do get in touch.

As you prepare for the week ahead, you may want to read a summary of the latest key ESG policy news – from EU announcements to G20 pledges, from the UK to Brazil and Indonesia, and more. Below you will also find our most popular articles of the past few days, along with a suggestion from the team.

Philippa will be in the editor seat next week. Get in touch with her, myself and the rest of the team with your thoughts on whichever sustainability discussions you’ll be having over the next few days – wherever you are in the world. 

Let’s keep on talking,

Silvia

Silvia Pavoni is the editor of Sustainable Views

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A service from the Financial Times