FSC issues consultation paper on the ESG guidelines for investment funds
In their quest for achieving better long-term financial value that align with their own core beliefs around responsible investment, investors are placing increased reliance on ESG reporting by fund managers. Guidelines on the ESG disclosures and reporting to be undertaken by funds are therefore of paramount importance, especially amidst growing concerns around greenwashing.
The Financial Services Commission (FSC) issued a consultation paper on the ESG Guidelines for investment funds on 23 October 2023 (the “Consultation Paper”). The proposed guidelines primarily aim for licensees to provide sufficient information on their ESG strategies and products to enable investors to make better informed decisions and they will apply to Collective Investment Schemes and Closed-end Funds authorized by the FSC and which use or include ESG factors as their key investment focus and strategy.
Stakeholders of the industry are invited to go through the Consultation Paper and submit their comments to the FSC by 6 November 2023.
To access the Consultation Paper, please click Here.