On April 23, the Financial Conduct Authority (FCA) published a new webpage on its strategic approach to climate change and sustainable finance.
The FCA explains it will continue to broaden and deepen its sustainable finance strategy, which is based on the themes of transparency, trust, and tools, as set out in its previous feedback statement (FS19/6).
The webpage highlights:
- the work of the Task Force on Climate-related Financial Disclosures and a new webpage on climate-related reporting requirements;
- the Climate Financial Risk Forum which has published a number of guides, covering topics such as disclosure, scenario analysis, risk management and innovation;
- the FCA’s ongoing work on investor stewardship issues through numerous publications and its work with the Financial Reporting Council; and
- the FCA’s international work on regulatory initiatives to collaborate and share experiences, such as the Sustainable Finance Taskforce under the International Organization of Securities Commissions.
This publication follows the Chancellor’s March 2021 remit letter to the FCA about how the FCA should consider the government’s commitment to achieve a net zero economy by 2050 in its work.
FCA webpage on climate change and sustainable finance