Clifford Chance

FCA proposes mandatory climate-related disclosures for asset managers, life insurers and FCA-regulated pension providers

8 July 2021

On 22 June 2021, the UK's Financial Conduct Authority published a consultation proposing climate-related disclosure requirements for asset managers, life insurers and FCA-regulated pension providers.

The proposals reflect one of the UK government's ESG aims of introducing mandatory climate-related disclosures across the UK economy and would integrate the Task Force on Climate-related Financial Disclosures recommendations. With a relatively short turnaround time, larger in-scope firms would be required to produce their first entity-level disclosures by 30 June 2023, while smaller in-scope firms would be required to produce their first entity-level disclosures by 30 June 2024.

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