UK:
FCA Publishes Discussion Paper On The Disclosure Of Climate Change Risks By Listed Companies
31 January 2019
Shearman & Sterling LLP
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On 15 October 2018, the Financial Conduct Authority
(FCA) published a discussion paper proposing
changes to the disclosure of climate change risks by listed
companies. It noted that these changes were likely to become even
more significant as the U.K. continues to comply with the Paris
Agreement.
The discussion paper sets out:
- How the different impacts of climate
change could impact the FCA's long and short-term
objectives.
- Some of the opportunities and risks
the transition to a low-carbon economy presents in the U.K.'s
financial services markets.
- The specific action the FCA will take
in the near term to ensure that markets function well and deliver
good outcomes for consumers.
The FCA invites comments on the discussion paper by 31 January
2019, and the discussion paper can be accessed here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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