UK regulator ditches ESG proposals for company boards in updated governance code

Financial Reporting Council

Michael Holder
clock • 4 min read

The Financial Reporting Council has opted against the inclusion of ESG expectations in corporate governance code in favour of less "intrusive and prescriptive" requirements.

Britain's financial auditing regulator has dropped plans to add ESG requirements in the UK Corporate Governance Code in a bid to limit administrative burdens on businesses "to the minimum necessary", it announced today (22 January). The Financial Reporting Council (FRC) - the independent government agency which regulates auditors, accountants, and actuaries - this morning published several revisions to the UK Corporate Governance Code which company boards are expected to adhere to. The changes, which follow the FRC's "largest ever" stakeholder consultation last year - have been limite...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Sanlam UK asset management business to fully transfer to Ninety One

Sanlam UK asset management business to fully transfer to Ninety One

First revealed in November 2024

Patrick Brusnahan
clock 13 June 2025 • 1 min read
Number of companies switching to UK main market flatlines in past three years

Number of companies switching to UK main market flatlines in past three years

Below pre-Covid annual averages

Sorin Dojan
clock 12 June 2025 • 1 min read
EDF to acquire EV charging firm Pod Point in latest LSE delisting

EDF to acquire EV charging firm Pod Point in latest LSE delisting

Largest retail EV charging firm in the UK

Patrick Brusnahan
clock 12 June 2025 • 1 min read
Trustpilot