The UK’s Financial Conduct Authority (FCA) has unveiled a string of new measures designed to prevent issuers from ‘greenwashing’, covering challenges such as climate risk reporting and the accessibility of ‘green’ products such as mortgages.
The FCA said the statement ‘will provide a foundation for its future work on climate change and green finance’. Image: FCA
In a statement published on Wednesday (16 October), the body vowed to consult on new rules to improve climate-related disclosures, so that more issuers are reporting in line with the Task Force on Climate-related Financial Disclosures (TCFD’s) recommendations.
Launched in December 2015 by Bank of England governor Mark Carney, the TCFD recommendations notably call on companies to include impacts of different scenarios – including the 2C pathway