To investment managers with sustainability features in their funds:

To investment managers with sustainability features in their funds:

If you are subject to EU rules, don’t miss the briefing ESMA issued last week for domestic regulators across the EU, at https://www.esma.europa.eu/press-news/esma-news/esma-provides-supervisors-guidance-integration-sustainability-risks-and

Not only will review of this document by regulators be important (for their promotion of a common supervisory approach to ESG), but we also recommend it for review by investment managers themselves. The instructive information set forth by ESMA — including for pre-contractual disclosures, periodic disclosures, fund names, investment policies, website disclosures, sustainability risks within portfolios, and enforcement — will help you stay in compliance. 

Note: this briefing is not to be confused with guidance, also published last week, from the ESAs regarding Regulatory Technical Standards under SFDR and the Taxonomy Regulation (which we also recommend for your review — see https://www.esma.europa.eu/press-news/esma-news/esas-provide-clarifications-key-areas-rts-under-sfdr)