FCA consults on new climate risk disclosures
Firms would have to publish disclosures or explain the reasons why not; critics believe the new rules should be mandatory
Large UK companies may be forced to publicly disclose the risks they face from climate change or justify not doing so, under new disclosure rules proposed by the Financial Conduct Authority (FCA).
In a statement on March 6, the regulator announced it wanted to require firms to make climate-related disclosures consistent with the approach set out by the Task Force on Climate-related Financial Disclosures or explain why they have not done so. Firms have until June 5 to provide comments to the
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