The Sustainability Disclosure Requirements (SDR) are a necessary regulatory intervention because “sustainability has become trendy” and many funds were previously mis-labelled, according to Aegon head of UK responsible investment Miranda Beacham.
Speaking exclusively to Professional Adviser at Aegon Asset Management's media event today (5 March), Beacham said SDR implementation has been challenging, with only about 100 funds achieving labelling standards so far. Beacham, who said she has been involved in SDR since its inception, told PA that "everybody decided to try and put a label on funds because it was the bandwagon they wanted to get on". "As a result, there were a lot of funds that were labelled sustainable that really should never have been labelled as that," she said. Beacham said she expects SDR labels to make sust...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
