UK To Write Mandatory Climate Disclosures Into Law

By Lucia Osborne-Crowley (October 29, 2021, 4:05 PM BST) -- The government said on Friday that Britain's biggest businesses will be forced to give investors detailed information about their impact on the environment, making the U.K. the first major economy to make climate disclosures mandatory.

HM Treasury and the Department for Business, Energy and Industrial Strategy said that more than 1,300 of the biggest British companies will be required from April 2022 to disclose information about the extent to which their portfolios contribute to global warming, how climate change affects their financial health and what they are doing to mitigate environmental risks.

"If the U.K. is to meet our ... net-zero commitments by...

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