Irish Funds publishes paper on EU Sustainable Finance Duties for Fund Management Companies

Irish Funds has today published a paper that provides practical insights as to how fund management companies (FMCs) can comply with sustainable finance related requirements set out in delegated acts amending the UCITS Directive and the Alternative Investment Fund Managers Directive.

These requirements are due to apply from 1 August 2022 and relate to the manner in which an FMC takes sustainability risks into account in respect of its assets under management.

The paper provides an overview of the background and context to the Delegated Acts before going on to outline practical considerations for FMCs relating to the organisational structure, resourcing, conflicts of interest, sustainability risk management, ESG data strategies and the investment due diligence process.

A compliance checklist for FMCs and a timeline of expected developments is also provided to assist FMCs with their preparations and planning.

View publication (members only).