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You are viewing ESG 1A Application of ESG 2 as of . ESG 1A Application of ESG 2 was last updated on 28/11/2023.

ESG 1A.1 Application of ESG 2

28/11/2023R

  1. (1)

    The rules in ESG 2 apply to a firm of a type listed in column 1 of the table at ESG 1A.1.1R(2) in relation to the TCFD in-scope business carried out from an establishment maintained by it in the United Kingdom as described in column 2.

  2. (2)

    This table belongs to ESG 1A.1.1R(1).

    Column 1: type of firmColumn 2: TCFD in-scope business
    Part A: Asset managers
    Any firmPortfolio management
    UK UCITS management companyManaging a UK UCITS
    ICVC that is a UCITS scheme without a separate management companyManaging a UK UCITS
    Full-scope UK AIFMManaging an AIF
    Small authorised UK AIFManaging an AIF
    Part B: Asset owners
    Insurer or pure reinsurerProviding insurance-based investment products
    Operating a personal pension scheme (excluding a SIPP) or stakeholder pension scheme
    Operating a SIPP, but only in relation to SIPPs containing insurance-based investment products provided by the firm
    Other asset owners (other than insurers or pure reinsurers)Operating a personal pension scheme (excluding a SIPP) or stakeholder pension scheme
    Operating a SIPP, but only in relation to SIPPs containing any of the following provided by the firm:
    (a)a unit
    (b)an interest in a closed-ended investment fund
    (c)a pre-set investment portfolio
28/11/2023R

A firm is exempt from the disclosure requirements under ESG 2 if and for as long as the assets under administration or management in relation to its TCFD in-scope business amount to less than £5bn calculated as a 3-year rolling average on an annual assessment.