UK-based wealth management firm LGT Vestra has committed to the EU’s Sustainable Finance Disclosure Regulation (SFDR).
The rules introduce disclosure requirements at both a company and product level and came into effect from 10 March 2021.
SFDR requires financial service firms; including asset managers, fund managers and financial advisers, to disclose a range of sustainability risks within their business that could have a negative impact on the financial return of an investment and/or advice.
LGT Vestra said that it measures such risks via the implementation of exclusion policies, a sustainable rating system, the United Nations Environment Programme Finance Initiative Principles, and a commitment to net zero emissions by 2030.
Phoebe Stone, head of sustainable investing at LGT Vestra, said: “We have a longstanding commitment to sustainable business practices and have always been conscious that a sustainable philosophy starts from within. We are taking action to measure and reduce our business’ impact on the environment and have specific sustainability targets to achieve this.
“Adhering to this regulation encourages greater clarity on investments across the industry, allowing investors and IFAs to make more informed ESG and sustainability-related decisions.”
