From red to green? UK Labour Government finally consults on sustainability reporting and transition planning
After months of delay, the UK Government has finally published the long-awaited consultation on the adoption of ISSB sustainability standards as the first UK Sustainability Reporting Standards ("UK SRS"), and on assurance of sustainability-related financial disclosures. At the same time, the Government is consulting on how to implement its manifesto commitment to mandate UK-regulated financial institutions – including banks, asset managers, pension funds, and insurers – and FTSE 100 companies to develop and implement credible transition plans that align with the 1.5°C goal of the Paris Agreement.