Following the announcement last week on the timeline for UK endorsement of #ISSB, this week the FCA published details in its Primary Market Bulletin of how its rulemaking will be affected. In particular: - Once the UK endorsement is completed in 2025, the FCA will consult on amending its rules to move from TCFD to UK-endorsed ISSB disclosure standards. It also intends to consult on strengthening its expectations for listed companies’ transition plan disclosures, with reference to the Transition Plan Taskforce (TPT) Disclosure Framework at the same time. - Companies may also wish to start reporting voluntarily against ISSB Standards prior to the conclusion of the UK endorsement process. The FCA may explore additional guidance to support issuers subject to its Listing Rules by indicating how reporting based on ISSB Standards can remain consistent with its existing TCFD-based rules, which issuers must continue to meet. https://lnkd.in/ekGUJWu4.
The latest on the UKs coherent approach to sustainability reporting across the economy and financial sector. Well done to everyone involved! #sustainablefinance #netzero #finance #greenfinance #sustainability
