New climate reporting rules to be extended by UK financial regulator
Recently, our Partner, Fabrice Bienfait, shared a thought-provoking observation on the UK financial regulator’s plans to extend climate reporting requirements to most UK listed companies as well as domestic asset managers.
Responding to an article in the Financial Times by Camilla Hodgson, Fabrice articulates that, “Businesses are at the centre of climate action as companies generate more than two thirds of the global carbon emissions.
Finance has an important part to play and investors are increasingly requiring carbon emissions and climate risks disclosures from businesses. It’s also great to see financial regulators across the world pushing for comprehensive climate reporting rules.
In a few months world leaders will meet in Glasgow for COP26 to ensure that climate targets are met. Climate reporting rules are a critical step to ensure that businesses have a credible plan to get to net zero!”
You can read the article HERE.