The best regulated crypto exchange
Find out why?
50 BTC prize pool!
Get your share!
I'm in

Listed companies to disclose climate change risks

By Hazel Davis

FCA calls for new rules to take effect in 2020

The Financial Conduct Authority (FCA) has called for all UK listed companies to disclose their climate change risks.

The Government has already said it expects large asset owners and securities sellers to begin announcing climate risks by 2022 but the FCA’s suggested rules would take effect from next year.

The FCA has said it will put the rules out for consultation early next year before finalisation but has said it will propose they are observed on a “comply or explain” basis.

“The expected transition to a low carbon economy is likely to have a significant impact on our economy. So it is important that the UK’s financial markets can both respond to and support the transition in a stable and orderly way,” the FCA said in its 2018 Climate Change and Green Finance discussion paper.

The FCA says it wants to “provide markets with readily available, reliable and consistent information on their exposure to material climate change risks and opportunities,” in order that, “Consumers have access to green finance products and services, which meet their needs and preferences, and receive appropriate information and advice to support their investment decisions.”

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a contributor.
Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image