In late 2019, the Government consulted the public on its proposal to require firms in the financial market and listed companies to report on impacts of climate change for their business and investments in a consistent way. After considering public feedback the Government has confirmed its plan to introduce a mandatory climate-related financial disclosures regime.
If agreed by Parliament, publicly listed companies and large insurers, banks and investment managers would have to make annual disclosures of climate-related risks and opportunities that might impact their financial performance.
The disclosures regime would help our financial system operate with better information about long-term risks and be more resilient. It supports the investment growth that is needed if we are to meet our climate change targets.
Find out more on mandatory climate-related financial disclosures.