Global developments in sustainability regulation and policy Q4 2024
We highlight the latest sustainability policy milestones that are shaping the investment industry.
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The quarterly regulation update outlines the key developments in sustainability regulation globally. The primary focus is on sustainability policy milestones as well as consultations that will result in rules shaping the investment industry in the future.
At Schroders, we believe that working with peers and policymakers on sustainability issues is an important activity. As part of our wider public policy engagement, we regularly respond to public consultations both directly and working with investor groups, contributing to responses submitted by industry bodies such as the Investment Association and European Fund and Asset Management Association (EFAMA). Where relevant, we flag consultations to which we have contributed or plan to contribute directly.
For the fourth quarter of 2024, the key updates for the UK include the consultation on a UK Green Taxonomy, draft legislation for ESG ratings providers, and the intention to consult on streamlined sustainability disclosures for economically significant companies.
In the EU, important developments include the publication of the EU Platform on Sustainable Finance's report proposing new product categories under the SFDR, and ESMA's Q&A on fund naming guidelines related to sustainability terms. Additionally, the formal adoption of the amended text of the EU Deforestation Regulation is noteworthy, as it postpones the application dates for both large corporates and small and mid-sized companies.
More details on these and other global developments can be read in the attached pdf.
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