finance

UK financial watchdog proposes broader scope for climate disclosures



© Reuters. Visitors to Greenwich Park sit and look towards Canary Wharf financial district as lockdown restrictions are eased amidst the spread of the coronavirus disease (COVID-19) pandemic in London, Britain, April 25, 2021. REUTERS/Peter Nicholls/File Photo

LONDON (Reuters) – Britain’s financial watchdog on Tuesday proposed widening the number of companies that should use globally-accepted standards for disclosing the impact of climate change on their business.

Companies listed on the London Stock Exchange’s premium segment use climate-related disclosures as recommended by the global Taskforce on Climate-related Financial Disclosures.

The Financial Conduct Authority said it was proposing to extend the use of TCFD disclosures to companies with a standard listing, asset managers, life insurers and FCA-regulated pension providers.

“The proposed rules are designed to help make sure that the right information on climate-related risks and opportunities is available along the investment chain – from companies in the real economy, to financial services firms, to clients and consumers,” the FCA said in a statement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

See also  We’re getting divorced — should we share a lawyer?





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more