Mmastodon EnvironmentClimate first seen 1 d ago, last 1 d ago, peak #9
UK regulator backs away from mandatory climate reporting rules
Original: The UK Financial Conduct Authority has joined regulators across the world who are either relaxing, or not implementing c
The UK Financial Conduct Authority has joined regulators worldwide that are relaxing or not implementing corporate reporting requirements on climate and environmental risk. The watchdog cites burdens on smaller firms and says it prefers voluntary disclosures. Critics see the move as part of a wider retreat from climate-related financial regulation, raising concerns that investors and the public will receive less information about companies' environmental exposure.
Why now: It signals a notable regulatory retreat on climate disclosure in the UK, echoing a wider global trend.
Financial Conduct AuthorityUnited Kingdom
Evidence
- The UK Financial Conduct Authority has joined regulators across the world who are either relaxing, or not implementing corporate reporting requirement(s) on climate & environment risk; Citing burdens on smaller firms & 'preferring' voluntary disclosures, its one more instance… · ChrisMayLA6@mastodon.me.uk · 6
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