Overview
The UK ESG policy is mainly developed by the Financial Conduct Authority. The ESG Advisory Committee under the FCA participates in the formulation of ESG information disclosure, ESG data products regulations and ESG strategic planning.
UK ESG development is consistent with international standards and the climate information disclosure standards will be established based on IFRS S1 and IFRS S2. The UK also has a long history in investor stewardship.
UK FCA Publishes Consultation Paper on Diversity and Inclusion
The UK FCA issued a consultation document to solicit opinions on the implementation of Diversity and Inclusion
UK Plans to Establish Sustainability Disclosure Standards Based on ISSB
The UK plans to establish Sustainability Disclosure Standards by July 2024 based on the IFRS S1 and IFRS S2 guidelines
FCA Releases a Report on Sustainability-Linked Loan Market
The Financial Conduct Authority (FCA) has released a report on Sustainability-Linked Loan Market
FCA Releases DP on Sustainable Governance for Financial Companies
The Financial Conduct Authority (FCA) of the United Kingdom issued a discussion paper on sustainable governance for financial companies to solicit governance opinions related to sustainable development. FCA believes that the financial industry needs to play an important role in the process of net zero transition, and the sustainable governance of financial companies is becoming more important
FCA Plans to Supervise Asset Management Companies on ESG
The Financial Conduct Authority (FCA) plans to carry out an ESG supervision on asset management companies. The supervision is under the charge of the Buy-Side Directorate of FCA, which includes the corporate governance content that asset management companies are most likely to have a negative impact on consumers and the market in their business activities
FCA Announced Establishment of ESG Advisory Committee
The Financial Conduct Authority of the United Kingdom announced the establishment of the ESG Advisory Committee, whose work includes the formulation of guidelines for ESG data and rating agencies, guidance and supervision of ESG disclosure