Climate risk disclosures: UK listed companies will need to do more

The UK government’s Green Finance Strategy includes a commitment to require better reporting on climate risks by listed companies. The Financial Conduct Authority has proposed a new rule to achieve this and is advising companies that existing rules may already require climate-related disclosures.

The proposed rule will require premium-listed commercial companies to confirm that they have published annual information consistent with the recommendations of the Taskforce for Climate-related Financial Disclosures (“TCFD”). Alternatively, if they have not disclosed in line with the recommendations, companies will need to explain why not.

Read our practical guide on how to prepare for these new requirements.