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FCA review of climate disclosures: A call for streamlining and simplicity

Reservoir water levels in England impacted by driest spring in 132 years.
Reservoir water levels in England impacted by driest spring in 132 years Photo: Christopher Furlong/Getty Images

The FCA has outlined its next steps, which focus on enhancing and simplifying the sustainability reporting framework.

On August 6, the FCA published the findings of its multi-firm review into climate reporting by asset managers, life insurers, and regulated pension providers.

The review, which examined disclosures aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations, offers a mixed but largely positive assessment of reporting activity in the