The paper aims to contribute to the debate on corporate ownership, contextualising it in light of two trends on the global financial markets: the increased institutional ownership of corporations and the move towards a sustainable financial system. In particular, the focus is on institutional investors, risk management, and transparency as a tool to reorient capital flows and manage financial risk from non-sustainable activities. From a regulatory perspective, the focus is on one of the regulatory initiatives introduced in the European Commission Action Plan on Sustainable Growth to further these goals, i.e., the Sustainable Finance Disclosure Regulation (SFDR).