Author: Wilma Rix

UK's FRC and FCA call for better climate-related disclosures

The UK's Financial Reporting Council and Financial Conduct Authority have published separate reports on the quality of the climate-related information provided by UK-listed companies in their 2021 financial reports. Both regulators found a significant increase in the quantity and quality of climate-related disclosures compared to previous years. However, they also draw attention to areas which could be improved in the future. Incoming climate reporting obligations mean that the recommendations are relevant to all UK businesses, including large non-listed companies and LLPs.