This Consultation Report focuses on asset managers and investor protection issues and aims to improve sustainability-related practices, policies, procedures and disclosures in the asset management industry. This includes encouraging asset managers to take sustainability-related risks and opportunities into account in their investment decision-making and risk management processes and addressing the risk of greenwashing through improving transparency, comparability and consistency in sustainability-related disclosure.

The Report discusses the types, and provides examples, of greenwashing at asset manager and product levels, describes the different regulatory approaches currently taken by Sustainable Finance Board-level Task Force (STF) members to address sustainability-related practices by asset managers as well as disclosures at both firm and product levels, and provides an overview of the current landscape of sustainability-related financial and investor education. The report also discusses challenges in these areas and sets out 6 recommendations and 15 consultation questions.