Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
United Kingdom | Publication | May 2023
The Regulator has published a blog discussing the importance of trustees improving their understanding of environmental, social and governance (ESG), climate and wider sustainability issues.
The blog outlines that whilst there are challenges around certain aspects of ESG issues, including data quality concerns, this should not prevent pension scheme trustees from meeting their ESG duties. The Regulator intends to start a review of a cross-section of statements of investment principles (SIP) and implementation statements (IS) – where trustees need to publish then – in the autumn. Although it notes that the content of SIPs and ISs will vary from scheme to scheme, it is aware that some schemes produce disclosures where the wording is relatively vague and generic. In future, the Regulator expects its review to focus on the extent to which the DWP guidance has been adopted by trustees. This guidance is relevant for those schemes which are subject to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and the Climate Change Governance and Reporting Regulations which currently apply to schemes with more than £1bn in assets.
Publication
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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