UK regulator abandons mandatory climate disclosures for listed companies

UK regulator abandons mandatory climate disclosures for listed companies

Britain's financial regulator has dropped plans to require listed companies to inform investors about ​their climate risks after firms raised concerns about implementation ‌costs and competitiveness.

UK’s FCA Drops Plans for Mandatory IFRS-Based Climate Reporting

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced the release of it finalized rules for listed companies to begin climate and sustainability-related reporting in line with the UK’s new IFRS-based Sustainability Reporting Standards (UK SRS), choosing to allow companies to take a “comply-or-explain” approach, instead of […]

UK FCA switches to comply-or-explain across ISSB reporting

Regulator ditches plan for mandatory climate reporting amid concerns over smaller firms and competitiveness.