Sustainability Reporting (1): What's New At The Fund Level?

Although ESG reporting requirements are not new, their volume has considerably increased in recent years, particularly in the UK and the EU, at both fund and corporate level. This section only focusses on requirements relevant to Infrastructure funds (see section 6 for coverage of corporate level obligations). There is a notable increase in the focus on transparency and accountability and the pace of change and expansion is set to continue, with many further developments in the pipeline. It is also worth noting that UK funds and businesses may still be impacted by EU ESG regulations. This is naturally the case where they wish to access the EU market, but the EU has also adopted measures with extraterritorial impact including, notably, the Corporate Sustainability Reporting Directive ("CSRD") (see section 6).