ESG: A summary of the FCA’s Sustainability Disclosure Requirements (SDR) and investment labels consultation paper (CP22/20)

The updated proposals are materially different to those set out in the FCA’s November 2021 Discussion Paper (DP21/4), reflecting the strength of feedback on the Discussion Paper and the fast pace of change in this area both in the UK and internationally.

A remarkably long 179 pages, the Consultation Paper has a substantial amount of information to consider that will impact not only product and entity level disclosures, but governance and organisational requirements too. We recommend that clients establish the impact of the Consultation Paper proposals as soon as possible, with a view to providing thorough feedback to the FCA in advance of the deadline for responses on 25 January 2023.

We have reviewed the proposals and prepared a summary and deep dive paper – both articles are linked below.