The Financial Conduct Authority (FCA) has published a Policy Statement (PS21/23) and final rules and guidance in relation to climate-related financial disclosures for standard listed companies. It has also updated its guidance on climate-related disclosures for premium and standard listed companies.
The new rules for standard listed companies in new Listing Rule 14.3.27R mirror those that already apply to premium listed companies under LR 9.8.6R(8).
From a remuneration disclosure perspective, companies must explain how the metrics in relation to climate resilience are being integrated into the remuneration policies and whether this the most effective linkage possible.
For further information, please see our Corporate Notes blog which covers all the changes
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