Tag: FCA
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SDR: “specific” + “measurable” objectives.
Why do our sustainability objectives so often tend towards being ethereal (and non-compliant) abstractions: “To support the transition to a more sustainable, inclusive, and resilient global economy”, “To play an active role in accelerating the transition to a low-carbon future”, “To balance the needs of investors, society, and the environment in a way that creates…
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SDR: governance, with a sustainability label.
The FCA’s Sustainability Disclosure Requirements (”SDR”) regime has brought rigour to an area which was too loose for too long. But read the FCA’s rules and guidance and a bigger picture emerges. SDR is a detailed articulation of the FCA’s expectation of governance in general.
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Worry About Creativity, Not Compliance.
Financial services aren’t some state of nature, to which we’ve decided to apply a few harm-limiting commandments (”thou shalt not trade on thy neighbour’s inside information”). It’s a constructed environment. Regulation is more like a board game, where the rules create the very game they regulate. Without the rules of chess, there is no chess.…
