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ARTICLE · 20 JULY 2021

FCA And FRC Regulatory Intervention On Corporate Climate-Related Reporting

Morrison Foerster
Morrison Foerster
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Morrison Foerster

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The financial services sector plays a vital role in the fight against climate change. It has long been recognised that regular and accurate disclosure of information on climate-related risks and opportunities can help investors, ...

United KingdomFinance and Banking
Gareth Rees
Gareth Rees
Matthew Dunlap
Matthew Dunlap
Simon Arlington
Simon Arlington
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The financial services sector plays a vital role in the fight against climate change. It has long been recognised that regular and accurate disclosure of information on climate-related risks and opportunities can help investors, lenders, and other market participants better understand how their investment decisions can impact the global climate crisis. In recent years, the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC), two of the UK's key financial regulators, have taken significant steps to make environmental, social and governance (ESG) a priority, and they continue to promote the need for companies to make climate-related financial disclosures.

On 22 June 2021, the FCA launched public consultations on climate-related disclosures for listed companies and certain regulated firms, specifically: (1) on its proposals to widen the application of climate-related disclosure requirements to issuers of standard listed equity shares, and (2)

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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