BSI PAS 7342 sustainable fund specification published

BSI published PAS 7342:2025 yesterday, a fast track standard for retail sustainable investment funds.

The document describes what ‘good’ looks like in the ‘design, implementation, monitoring and communication of sustainability attributes’ – for retail funds that have a significant focus on sustainability (ie not only labelled funds).

It’s primary intended audience is fund managers, however it will be of use to portfolio managers, wealth managers, financial advisers and others also.

The standard was very much a team effort – with both industry and government departments involved – and I am delighted to have been the ‘technical author’, working alongside BSI to create this important document.

My hope and expectation is that this document will support the future growth of retail sustainable investment, and help answer some of the questions people have about SDR.

• PAS = Publicly Available Specification
• BSI = British Standards Institution

BSI Links:

BSI PAS 7342:2025 can be downloaded here.

BSI media release here: Guidance issued to combat greenwashing and improve transparency | BSI

Who was involved in developing the PAS?

The following is copied from PAS 7342:

This PAS was sponsored by industry organizations, including Guernsey Finance, Impax Asset Management, IP Group, Royal London, Scottish Widows and by the Department for Energy Security and Net Zero (DESNZ).

It’s development was facilitated by BSI Standards Limited and it was published under licence from The British Standards Institution.

Acknowledgement is given to Julia Dreblow (Riches) SRI Services as the technical author, and the following organizations that were involved in the development of the PAS as members of the steering committee.

• CFA Society UK
• Baillie Gifford
• Consumer and Public Interest Network
• Department for Energy Security and Net Zero (DESNZ)
• Granito Group
• Impax Asset Management
• IP Group
• Legal and General Investment Management
• MSCI ESG Research
• P1 Investment Management
• Royal London
• Scottish Widows
• T. Rowe Price International Ltd
• WHEB Group