Only One in Five EU Asset Managers disclosed an SFDR PAI Statement



01.02. 2024


PwC Luxembourg


PwC Luxembourg


Two months ago, PwC Luxembourg released "Mind the Gap: Principal Adverse Impact Statements in the AWM Industry". The report presents an in-depth examination of the website disclosures of over 2,000 EU Regulated Management Companies subject to the Sustainable Finance Disclosure Regulation (SFDR) in nine European countries, including France, Germany and the Netherlands. The examination found that only one in five management companies publicly disclosed a Principal Adverse Impact (PAI) statement in 2022 and that only around 22% of these statements follow the PAI Template as provided by the Regulatory Technical Standards of the SFDR (SFDR Level II). This means that there is limited comparability between the issued statements, with varying degrees of quality and content.