Author: Lucy Fergusson

UK – Listed companies to explain their climate-related exposures

A new Listing Rule means that premium-listed companies must include a statement in their annual report about whether they have made disclosures about their exposure to climate change risks and opportunities. It applies for financial years beginning on or after 1 January 2021.

A new technical note also reminds issuers that climate and ESG related risks and opportunities can be financially material to a company and may need to be disclosed in a prospectus, or even in a standalone announcement, under existing disclosure rules.