How UK finance is navigating sustainability
These are exciting times in UK sustainable finance as the sector prepares to capitalise on a series of opportunities. The UK sustainable fund management sector is already Europe’s largest with Eurosif data showing that in 2017 nearly £2 trillion of assets was managed using a variety of sustainable finance strategies. Further growth will be driven by new factors.
Firstly, regulation is increasingly supportive. Changes to UK pension regulation mean most trust-based schemes will have to start disclosing their policies with respect to including climate change, and this will stimulate demand for managers and advisers with expertise in these areas. Similar changes for defined contribution pension schemes can be expected in the next 12 to 18 months.
Some regulatory aspects of the European Union Sustainable Finance Action Plan are also supportive, notably those requiring greater disclosure on ESG approaches from large asset owners and fund managers.
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