PwC Luxembourg publishes The SFDR Barometer for Management Companies
Press Release
Luxembourg, 20 March 2023
51 participants, including 29 Super ManCos
15 different nationalities represented by ManCos
70% of Article 8 UCITS Funds commit to making Sustainable Investments
PwC Luxembourg releases the first edition of its SFDR Barometer for Management Companies casting light on the current market status and most popular practices pursued by Luxembourg ManCos.
This first edition provides insight into Luxembourg ManCos’ SFDR related practices and commitments. An analysis has been conducted on the basis of data collected on both Alternative Investment Fund Managers (AIFMs),Undertakings for Collective Investments in Transferable Securities (UCITS) ManCos and Super ManCos based in the Grand Duchy. In total, 51 participants, including 29 Super ManCos, participated in the survey, representing 15 different nationalities.
Highlights from the poster include:
Proportion of ManCos planning to upgrade at least one Fund: 75% of UCITS ManCos plan to upgrade Funds from Article 6 to Article 8.
Sustainable Investments commitment: 70% of Article 8 UCITS Funds commit to making Sustainable Investments.
Taxonomy Commitment: 60% and 65% of AIFMs and Super ManCos respectively manage Funds with Taxonomy Commitment.
- PAI Consideration of Article 9 Funds: 81% of UCITS Article 9 Funds consider PAIs.ESG data sources used by ManCos: 41% of ManCos use more than 2 ESG sources.
Geoffroy Marcassoli, CAIA, ESG & Sustainable Finance Partner said:
“This survey, which was conducted at the time ManCos were updating their pre-contractual documents and commitments to comply with the Level II of SFDR, provides unique insights on how these new requirements have been implemented by Luxembourg ManCos.”
You can download a copy or request a printed copy through the following link :
Notes to editors
About PwC
PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with over 3,100 people employed from 85 different countries. PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice. The firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. The firm helps its clients create the value they are looking for by contributing to the smooth operation of the capital markets and providing advice through an industry-focused approach.
- At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 152 countries with over 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com and www.pwc.lu.
Contact us
Pauline André
Director, Head of Marketing & Communications, PwC Luxembourg
Tel: +352 49 48 48 3582
