UK government pledges economy-wide climate disclosures by 2025
FCA says firms worth $3.8 trillion will disclose climate risks over next three years
The UK’s government said it aims to become the first in the world to mandate all firms to disclose their financial exposures to climate risk.
The UK’s finance minster Rishi Sunak laid out the plan on November 9. Sunak also revealed plans for the government’s first green bond issuance and a new green taxonomy for financial assets.
“The UK will become the first country in the world to make Task Force on Climate-related Financial Disclosures (TCFD) aligned disclosures fully mandatory across the
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