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.