Financial Conduct Authority
Climate love
Climate love
Enablesus
170 w
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GREAT NEWs for Transparency in Sustainability - the UK FCA requires climate impact disclosures
Really great news out of the UK today with the FCA is now requiring climate impact disclosures from all standard listed companies starting in January 2022. Let us hope the EU and USA will get their slow processes implemented very soon as well.
This is a big boost for transparency in the climate change related publicly available information that consumers and investors will be able to access. Many listed companies do already report on their GHG emissions and mitigation actions (e.g. how they impact climate change), but very few report on their resilience / adaptation to climate change (e.g. how climate change will impact them).
As Reuters reports "The Financial Conduct Authority (FCA) confirmed companies with a standard listing on the London Stock Exchange will have to say in their annual reports whether disclosures are in line with a set of globally agreed norms or explain why they are not."
Read more hear:
https://www.reuters.com/markets/funds/britain-toughens-up-climate-related-disclosures-by-companies-funds-2021-12-17/
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169 w
Dear Enablesus Thank you for getting your climate love to level 2! We have reached out to Financial Conduct Authority and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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169 w
Pretty good! however, TL;DR: Socialize all costs, Privatize all profits FCA has very little oversight on outsourced & 3rd party vendors. UK's own bankers do lots of offshoring deals for profits, ton of people operate fraud law firm accounts in renowned banks like Barclays. EU, US, Asia - have their own different versions ideas to do that too. including setting up non profits, just to let funds flow. Example: no one ask questions to big giant companies like Apple, Microsoft, Walmart, Amazon, H&M, VW, Pharma, Big 4 audit firms - how they conceal data & information for profits. Even if they do call them in senate discussion it goes on and on for years, probably decades. There is no civic sense of why electronics, fashion clothing etc etc. that goes shipped across the globe and dumped into landfills at taxpayers cost.
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169 w
We have to start somewhere, even if, there is truth in what you are saying.
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170 w
This is a brilliant news!! This is very important and it was missing from the 'green package'; requirement and transparency
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170 w
Agreed, also because it is enforceable under FCA rules (with financial fines), both in terms of disclosure but also misleading / incomplete information.
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This will offer consumers better climate related sustainability (more transparency and integrity).