FCA moves to force firms to disclose climate risk management
Consults on regulation and innovation in green finance
The FCA is proposing a requirement for firms to report on how they manage climate risks to their customers and operations
The Financial Conduct Authority (FCA) has proposed measures that would force financial services firms to publicly disclose how they manage climate risk, as the regulator takes steps to limit the sector's contribution to the "disruptive and potentially irreversible threat to the planet" of climate change.
In a consultation paper published on Monday (15 October), the regulator said climate change came under its remit as its consequences will have an impact on capital markets, affecting both the valuation...
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