In July 2022, the FCA published its review of the climate-related disclosures of premium listed commercial companies, for the first time since the rule mandating such disclosures was introduced for a wider range of listed issuers on 1 January 2022.
At the same time, the FRC released an in-depth analysis of a sample of 25 premium-listed companies' disclosures. Together, these documents provide useful guidance for organisations either still to make their first disclosures or looking to improve the quality of disclosures for the next financial year. The reports are also timely, given that the FCA CEO recently revealed in a speech that the FCA intends to adopt a more proactive approach, rather than waiting for harm to occur before taking enforcement action, and reaffirmed its commitment to "driving higher standards in the financial industry". See our related briefing.