PIMFA response to FCA DP23/1 Finance for positive sustainable change: governance, incentives and competence in regulated firms

PIMFA response to DP23/1 Finance for positive sustainable change: governance, incentives and competence in regulated firms. We welcome the regulator’s intention to encourage firms as they develop their arrangements for governance, incentives and competence and suggest the following: Ensure that the necessary building blocks to drive sustainable change are in place before introducing more regulation; Data is vital for enabling ESG and sustainable change, and issues regarding third-party providers and standardisation need to be addressed first; and Cultural and behavioural factors will be essential for driving more sustainable change.