At the SBAI, we support efforts to facilitate fair and efficient markets, and enable investors to make well-informed investment decisions. Accurate and timely disclosure of all types of risk, including ESG risks (where applicable), are a critical input to investors’ risk management processes.
Regulators globally are on a journey to increase the level of ESG disclosures, particularly for climate-related risks. We have responded to consultations from regulators focusing on the importance of:
|U.S. Securities and Exchange Commission (SEC)||SEC requests for public input on Climate Change Disclosures:
Whilst this consultation related to disclosure by issuers, we responded with several key points that should govern any regulatory approach to ESG disclosures:
|Securities and Futures Commission of Hong Kong (SFC HK)||SFC publishes a consultation paper on the Management and Disclosure
of Climate-related Risks by Fund Managers
In response to a consultation on asset manager disclosure we raised the following points: