Only 21.6% of management companies have issued a publicly accessible Principal Adverse Impact (PAI) statement, which fails to comply with Sustainable Finance Disclosure Regulation’s (SFDR) Level II technical standards. A study conducted by PwC Luxembourg, and presented in the report Principal Adverse Impact Statements in the AWM Industry: Mind the Gap, found while there were positive examples within the PAI…

Climate change scenarios used by investors in their financial projections “were not created with investors in mind”, and projections based upon them “could lull people into a false sense of security”, according to Professor Riccardo Rebonato, scientific director at the EDHEC-Risk Climate Impact Institute. The Institute’s research looking at Dynamic Integrated Climate-Economy (DICE) models concluded they have been inappropriately used…