Reported about 11 hours ago
The UK's Financial Conduct Authority (FCA) plans to revise sustainability reporting guidelines for asset managers, life insurers, and pension providers. Following an evaluation of current climate reporting practices, the FCA aims to streamline the process based on industry feedback. Despite previous disclosure rules aligning with the TCFD recommendations resulting in increased focus on climate risks, firms have faced challenges such as data availability and complex reporting requirements. The FCA intends to reduce the burden on firms while maintaining quality information for clients and consumers.
Source: YAHOO