FCA consults on new climate risk disclosures
Firms will have to publish disclosures or explain why not
Large UK companies may be forced to publicly disclose the risks they face from climate change “or explain why not”, under new disclosure rules proposed by the Financial Conduct Authority.
In a statement on March 6, the regulator announced it wants to require firms to make climate-related disclosures consistent with the approach set out by the Task Force on Climate-related Financial Disclosures (TCFD) or explain why not. Firms have until June 5 to provide comments to the regulator.
The TCFD was
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