FCA consults on new climate-related financial disclosures for the asset management sector
In November 2020, the Government published its Roadmap towards mandatory climate-related financial disclosures across the UK economy by 2025, aligned with the recommendations of the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures. In support of the Roadmap, on 22 June 2021, the FCA published proposals for enhanced climate related financial disclosures by standard listed companies and the asset management sector. This Insight focuses on proposals for the asset management sector contained within the FCA’s Consultation Paper 21/17 and summarises who the proposals apply to, the key rules being introduced and the next steps for firms.