Sustainability Community

An insightful podcast with Josina Kamerling talking to Patrik Karlsson about the role of ESMA in the development and evolution of regulation around SFDR. Touches on jurisdictional alignment issues and the primacy of good disclosure and transparency to establish and maintain trust in financial product claims in the market place. A few thoughts and questions arising.

🤔 Explains how legislation and regulation flow down through to enforcement at national level with an outline of how the EU Structure works through Levels 1,2,3... From the EC and parliament
🤔 The friction between definitions and scope that exist within the EU projects for SFDR and EU Green Taxonomy and the difference in detail and approach among financial centers individual regulators ESMA, FCA and SEC.
🤔 The establishment of a more dynamic regulation. Certainly the changing understanding of interdependence that exists between issues and an evolving set of metrics and measurement methodologies to support disclosure and transparency.
🤔 An emerging road map to expand regulation and guidance from environmental (climate centric) disclosure to other sustainability issues like human, social and nature issues where legislation and public policy is also evolving and at present SFDR includes a rather general concept of do no harm.
🤔 The FCA is already looking at how rating agencies and Index providers should be included given their role as data and analysis suppliers into regulatory scope. Seems that this may be a necessary move for other regulators.
❓ Will regulation be able to evolve rules and guidance fast enough to reflect the dynamic nature of a complex set of related issues and rapidly changing understanding of economic impacts and dependence with progressive improvements in metrics and measurement to report exposure, risks and outcomes.
❓ Can regulators enforce their rules to contain both intentional green washing and unintentional green washing arising from ignorance or poor understanding.
❓ For a global industry can the regulatory and disclosure obligations be sufficiently aligned to allow products to be sold and managed easily or will there be a complex task of translating analysis, reporting and decision making into similar but in places awkwardly different detail.
❓ Can the myriad of approaches and opinions around what is and isn't sustainable be debated constructively and the process of maturing regulation, industry practice and systemic understanding be done co-operatively and in away that builds trust in the outcomes and will therefore deliver sustainable change and outcomes.

#sustainability #finance #environmental #ESMA #SFDR #regulation #sustainablefinance #sustainableinvestment

‎The Sustainability Story: Patrik Karlsson: Unraveling the EU's Sustainability Regulations on Apple Podcasts

An insightful podcast with Josina Kamerling talking to Patrik Karlsson about the role of ESMA in the development and evolution of regulation around SFDR. Touches on jurisdictional alignment issues and the primacy of good disclosure and transparency to establish and maintain trust in financial product claims in the market place. A few thoughts and questions arising.

🤔 Explains how legislation and regulation flow down through to enforcement at national level with an outline of how the EU Structure works through Levels 1,2,3... From the EC and parliament
🤔 The friction between definitions and scope that exist within the EU projects for SFDR and EU Green Taxonomy and the difference in detail and approach among financial centers individual regulators ESMA, FCA and SEC.
🤔 The establishment of a more dynamic regulation. Certainly the changing understanding of interdependence that exists between issues and an evolving set of metrics and measurement methodologies to support disclosure and transparency.
🤔 An emerging road map to expand regulation and guidance from environmental (climate centric) disclosure to other sustainability issues like human, social and nature issues where legislation and public policy is also evolving and at present SFDR includes a rather general concept of do no harm.
🤔 The FCA is already looking at how rating agencies and Index providers should be included given their role as data and analysis suppliers into regulatory scope. Seems that this may be a necessary move for other regulators.
❓ Will regulation be able to evolve rules and guidance fast enough to reflect the dynamic nature of a complex set of related issues and rapidly changing understanding of economic impacts and dependence with progressive improvements in metrics and measurement to report exposure, risks and outcomes.
❓ Can regulators enforce their rules to contain both intentional green washing and unintentional green washing arising from ignorance or poor understanding.
❓ For a global industry can the regulatory and disclosure obligations be sufficiently aligned to allow products to be sold and managed easily or will there be a complex task of translating analysis, reporting and decision making into similar but in places awkwardly different detail.
❓ Can the myriad of approaches and opinions around what is and isn't sustainable be debated constructively and the process of maturing regulation, industry practice and systemic understanding be done co-operatively and in away that builds trust in the outcomes and will therefore deliver sustainable change and outcomes.

#sustainability #finance #environmental #ESMA #SFDR #regulation #sustainablefinance #sustainableinvestment

‎The Sustainability Story: Patrik Karlsson: Unraveling the EU's Sustainability Regulations on Apple Podcasts

An insightful podcast with Josina Kamerling talking to Patrik Karlsson about the role of ESMA in the development and evolution of regulation around SFDR. Touches on jurisdictional alignment issues and the primacy of good disclosure and transparency to establish and maintain trust in financial product claims in the market place. A few thoughts and questions arising.

🤔 Explains how legislation and regulation flow down through to enforcement at national level with an outline of how the EU Structure works through Levels 1,2,3... From the EC and parliament
🤔 The friction between definitions and scope that exist within the EU projects for SFDR and EU Green Taxonomy and the difference in detail and approach among financial centers individual regulators ESMA, FCA and SEC.
🤔 The establishment of a more dynamic regulation. Certainly the changing understanding of interdependence that exists between issues and an evolving set of metrics and measurement methodologies to support disclosure and transparency.
🤔 An emerging road map to expand regulation and guidance from environmental (climate centric) disclosure to other sustainability issues like human, social and nature issues where legislation and public policy is also evolving and at present SFDR includes a rather general concept of do no harm.
🤔 The FCA is already looking at how rating agencies and Index providers should be included given their role as data and analysis suppliers into regulatory scope. Seems that this may be a necessary move for other regulators.
❓ Will regulation be able to evolve rules and guidance fast enough to reflect the dynamic nature of a complex set of related issues and rapidly changing understanding of economic impacts and dependence with progressive improvements in metrics and measurement to report exposure, risks and outcomes.
❓ Can regulators enforce their rules to contain both intentional green washing and unintentional green washing arising from ignorance or poor understanding.
❓ For a global industry can the regulatory and disclosure obligations be sufficiently aligned to allow products to be sold and managed easily or will there be a complex task of translating analysis, reporting and decision making into similar but in places awkwardly different detail.
❓ Can the myriad of approaches and opinions around what is and isn't sustainable be debated constructively and the process of maturing regulation, industry practice and systemic understanding be done co-operatively and in away that builds trust in the outcomes and will therefore deliver sustainable change and outcomes.

#sustainability #finance #environmental #ESMA #SFDR #regulation #sustainablefinance #sustainableinvestment

‎The Sustainability Story: Patrik Karlsson: Unraveling the EU's Sustainability Regulations on Apple Podcasts

An insightful podcast with Josina Kamerling talking to Patrik Karlsson about the role of ESMA in the development and evolution of regulation around SFDR. Touches on jurisdictional alignment issues and the primacy of good disclosure and transparency to establish and maintain trust in financial product claims in the market place. A few thoughts and questions arising.

🤔 Explains how legislation and regulation flow down through to enforcement at national level with an outline of how the EU Structure works through Levels 1,2,3... From the EC and parliament
🤔 The friction between definitions and scope that exist within the EU projects for SFDR and EU Green Taxonomy and the difference in detail and approach among financial centers individual regulators ESMA, FCA and SEC.
🤔 The establishment of a more dynamic regulation. Certainly the changing understanding of interdependence that exists between issues and an evolving set of metrics and measurement methodologies to support disclosure and transparency.
🤔 An emerging road map to expand regulation and guidance from environmental (climate centric) disclosure to other sustainability issues like human, social and nature issues where legislation and public policy is also evolving and at present SFDR includes a rather general concept of do no harm.
🤔 The FCA is already looking at how rating agencies and Index providers should be included given their role as data and analysis suppliers into regulatory scope. Seems that this may be a necessary move for other regulators.
❓ Will regulation be able to evolve rules and guidance fast enough to reflect the dynamic nature of a complex set of related issues and rapidly changing understanding of economic impacts and dependence with progressive improvements in metrics and measurement to report exposure, risks and outcomes.
❓ Can regulators enforce their rules to contain both intentional green washing and unintentional green washing arising from ignorance or poor understanding.
❓ For a global industry can the regulatory and disclosure obligations be sufficiently aligned to allow products to be sold and managed easily or will there be a complex task of translating analysis, reporting and decision making into similar but in places awkwardly different detail.
❓ Can the myriad of approaches and opinions around what is and isn't sustainable be debated constructively and the process of maturing regulation, industry practice and systemic understanding be done co-operatively and in away that builds trust in the outcomes and will therefore deliver sustainable change and outcomes.

#sustainability #finance #environmental #ESMA #SFDR #regulation #sustainablefinance #sustainableinvestment

‎The Sustainability Story: Patrik Karlsson: Unraveling the EU's Sustainability Regulations on Apple Podcasts