On 30 June 2021, the International Organization of Securities Commissions (IOSCO) issued a consultation report on recommendations for sustainability-related practices, policies, procedures and disclosure in asset management. The consultation report focuses on investor protection issues and proposes that securities regulators consider setting regulatory and supervisory expectations for asset managers regarding sustainability-related risks and opportunities.

The consultation report discusses the types, and provides examples, of greenwashing at the asset manager and product levels, describes the different regulatory approaches currently taken by IOSCO members to address sustainability-related practices by asset managers as well as disclosures at both the 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 this area and sets out recommendations for securities regulators and policymakers.

The deadline for comments is 15 August 2021.