TISA comments on the FCA’s consultation paper on Sustainability Disclosure Requirements and labels
Jeffrey Mushens, Technical Policy Director at TISA, comments on the FCA’s CP on SDRs and labels: “Here at TISA, we know that ESG ratings are only effective if they are consistent and comparable – so we are very pleased to see the FCA take the next step in making ESG reporting accessible and based on objective comparable disclosures. Financial services providers are increasingly aware of their responsibilities to prove their sustainability and ESG credentials.
“Consumers are ever more conscientious about where their money is invested and how ethical and sustainable the products and services are that they use. ESG ratings are used to assess a company’s resilience to long-term, material ESG risks. We, therefore, welcome the FCA’s proposed rules to tackle greenwashing and are looking forward to, with our groups, working with the FCA on a constructive response to this important consultation paper.”