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Climate Financial Disclosure

The UK government has introduced mandatory climate-related financial disclosures for certain companies and financial institutions. This applies to UK registered companies with premium listings, financial institutions like banks/insurers, and occupational pension schemes. Requires disclosure aligned with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). TCFD covers governance, risk management, metrics/targets and scenario analysis on climate risks and opportunities.


UK's Climate Disclosure Mandate: Driving Corporate Action

The climate-related financial disclosure aims to support the UK's transition to a low-carbon economy and drive corporate action on climate change. Disclosures to be included in annual reports from 2022 for premium listed companies and from 2023 for other in-scope entities.

  • All UK companies with >500 employees and have either transferable securities admitted to trading on a UK regulated market or are banking companies or insurance companies
  • UK registered companies with securities admitted to AIM with more than 500 employees
  • UK registered companies not included in the categories above, which have more than 500 employees and a turnover of more than £500m
  • Large LLPs, not traded or banking LLPs, and >500 employees and a turnover >£500m and; Traded or banking LLPs with >500 employees.