I spent much of 2023 arguing that sustainable investing needed to change. My recurring argument was that sustainable finance products were not delivering what investors wanted, which according to the Financial Conduct Authority's Financial Lives Survey was to do "some good as well as [providing] a financial return".
I argued that existing products were too fixated on metrics, ratings and what the portfolio looks like rather than focusing on how they were driving positive change. It may be confirmation bias, but it seems momentum - helped by the FCA's finalisation of the SDR rules and continuing investor appetite - is growing. EFAMA calls for major reforms to SFDR labelling regime From AdviserAction to Worthstone and Paradigm Norton's campaign to push engagement, many wealth managers are coming together to build an industry that is more meaningful. So, in 2024, I want to move on from 'what w...
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