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The Foundation for the Advancement of Finnish Securities Marketssupports research and publication activities related to securities savings and the development of securities markets. The Foundation's Board of Directors has awarded Helmi Peräkylä, a finance student at the School of Business, a scholarship of EUR 5 000 for her excellent master's thesis. The title of the thesis is "Is the SFDR Effective in Directing Capital Towards Sustainable Targets and Improving Transparency".

Helmi Peräkylä's study examines the effectiveness of the EU's Sustainable Finance Disclosure Regulation (SFDR). The purpose of the regulation is to direct capital towards responsible investment targets and to improve the comparability and transparency of responsible investments, and in her thesis, Peräkylä examines how these objectives are being met.

‘The demand for responsible investment targets has increased in recent years, and with it, greenwashing has reared its head in the financial markets. Recent changes in legislation provided a timely research perspective on whether disclosure requirements really affect capital diversion and whether sustainability ratings are actually accurate. My research indicates that so far regulation has had a positive impact on the behaviour of both funds and investors, thus increasing the net flow into responsible assets, but the impact on improving transparency has so far been weak,’ says Helmi Peräkylä.

The thesis was supervised by Professor of Finance Markku Kaustia. 

Helmi Peräkylä warmly thanks the Foundation for the recognition.

Congratulations, Helmi!