The European Commission (“Commission”) Action Plan on Financing Sustainable Growth (“Action Plan”) sets out objectives and key actions to promote a reorientation of private capital flows towards sustainable investments. The impact assessment underpinning the various legislative initiatives proposed by the Commission under the Action Plan demonstrated the need to clarify that sustainability factors should be taken into account by UCITS management companies and alternative investment fund managers (“AIFMs”) as part of their duties towards investors. This note focuses on the elements of the Action Plan related to amendments to measures adopted under the UCITS Directive and the Alternative Investment Fund Managers Directive (“AIFMD”) (known as “level 2” measures) relating to the integration of sustainability factors.
Sustainable Finance Factsheet- ESG Related Changes to UCITS Directive and the AIFMD PDF | 0.52 MBTo learn more visit our Sustainable Finance page.