FCA publishes feedback statement on climate change disclosures

The FCA has published its proposals for its future work on climate change and green finance, following responses to its Discussion Paper in 2018 .

In its work, the FCA will be focusing on three outcomes:

  1. Issuers provide markets with readily available, reliable and consistent information on their exposure to material climate change risks and opportunities
  2. Regulated financial services firms integrate consideration of material climate change risks and opportunities into their business, risk and investment decisions
  3. Consumers have access to green finance products and services, which meet their needs and preferences, and receive appropriate information and advice to support their investment decisions.

The proposals in FS19/6 include:

  • a consultation on new rules to improve climate-related disclosures,
  • clarifying expectations regarding consumers’ access to green financial products, and
  • challenging instances of potential greenwashing.

Roseyna Jahangir