SFDR

Separately, PwC study finds only one in five management companies in scope issued a public PAI statement last year.

The firm also warned against the rise of 'orphaned emissions' which are excluded from company tallies.

Article 8 and 9 funds decarbonised more on average than other sustainable funds after SFDR implementation, say researchers.

Firm opposes mandatory baseline disclosures but backs new labelling system, while BVI and Eurosif also publish consultation responses.

Implementation and streamlining of existing rules in focus for 2024, with all eyes on EU elections in June and the implications for the sustainable finance agenda.

Norwegian pension fund unsure about category proposals as UKSIF, IIGCC and German academics and FNG label team deliver recommendations.

Market participants disagree on future fund labelling system but mainly back disclosures for all funds, eliminating entity-level PAIs.

Finalised reforms to delegated regulation switch one proposed mandatory social indicator to voluntary, delete existing voluntary PAI.

Manager says introducing sub-categories for 8 and 9 a better approach, but IEEFA backs reforming SFDR into labelling system.

Industry body proposes abolishing entity-level PAI disclosures, bringing in proposed labelling system in draft consultation response.