Regulatory AlertsFS19/6: Climate change and green finance
The UK Financial Conduct Authority issued this feedback statement to outline actions and next steps following stakeholder responses to its October 2018 discussion paper on climate change and green finance. The regulator commits to consulting on new rules for climate-related disclosures, finalizing requirements for Independent Governance Committees to oversee ESG policies, and challenging firms for potential greenwashing. Additionally, the FCA will address stewardship barriers and contribute to collaborative initiatives including the Climate Financial Risk Forum and the European Commission’s Sustainable Finance Action Plan.
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