Sustainability reporting rules for U.K. listed companies are set to change. The U.K. financial regulator has launched a consultation laying out its proposals, which aim to align the reporting regime with the international ISSB standards.
The Financial Conduct Authority (FCA) highlighted that “sustainability risks, including climate risks, have financial impacts on the long-term value and resilience of listed companies.” It emphasises that its proposals are to replace the current climate disclosure requirements with “proportionate” rules.
