FCA Plans Tougher Climate Rules For Public Companies

By Lucia Osborne-Crowley (June 22, 2021, 12:42 PM BST) -- The finance watchdog said on Tuesday that it could beef up rules that force listed companies, insurers and asset managers to give investors more information about their carbon footprint as the U.K. works toward becoming carbon-neutral by 2050.

The Financial Conduct Authority said it is consulting the sector on two sets of new proposals that would introduce stricter climate disclosure rules for financial services.

The first set of rules would expand the pool of companies listed on the London Stock Exchange that are forced to disclose information about how their assets and investments will damage the environment. The second would introduce...

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