UK MOVES TOWARD MANDATORY CLIMATE-RELATED DISCLOSURES BY 2025

On 29 November, the Compliance & Enforcement Blog at the Program on Corporate Compliance and Enforcement at the New York University School of Law carried a post saying that on 9 November a taskforce chaired by HM Treasury and made up of UK regulators and government officials published the Interim Report of the UK Joint Government-Regulator TCFD Taskforce, along with a roadmap to achieving its recommendations.   TFCD referred to the Taskforce on Climate-Related Financial Disclosures (TFCD).  The Roadmap presents a 5-year timeline of planned or potential regulatory actions or legislative measures across 7 categories of organizations: listed commercial companies; UK-registered large private companies; banks and building societies; insurance companies; asset managers; life insurers and regulated pension schemes; and occupational pension schemes.  The UK Government expects a significant portion of mandatory requirements to be in place by 2023. The Taskforce was established as part of the UK’s 2019 “Green Finance Strategy”. 

https://wp.nyu.edu/compliance_enforcement/2020/11/28/in-global-first-the-united-kingdom-moves-toward-mandatory-climate-related-disclosures-by-2025/

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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