The UK government and regulators have jointly announced their approach to implementing the recommendations of the Taskforce on Climate-related Financial Disclosures within the next five years. Notable by its absence is any explicit mention of the EU Sustainable Finance Disclosure Regulation which comes into force in March 2021.
On 9 November 2020, the UK's Joint Government-Regulator TCFD Taskforce published its Interim Report accompanied by A Roadmap towards mandatory climate-related disclosures. The Report and Roadmap outline at a high level the UK's approach to implementing the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). The broad aim – in line with the government's 2019 Green Finance Strategy – is to make TCFD-aligned disclosures mandatory across the UK economy by 2025 at the latest and with a significant number of mandatory requirements in force before then, by 2023.