FCA targets ratings and data providers in ESG focus; proposes TCFD disclosures from 2022

2021/22 Business Plan

clock • 1 min read

In its Business Plan 2021/22, the Financial Conduct Authority (FCA) has set out its commitments to driving ESG outcomes across the industry, which will involve “promoting integrity” across the market, including when it comes to ratings and ESG data providers.

The regulator said financial services and markets play a "central role" in the transition to net zero, adding that it is committed to ensuring "high-quality climate- and sustainability-related disclosures to support accurate market pricing". The FCA is also consulting on new disclosure rules in line with TCFD guidance for asset managers, life insurers and FCA-regulated pension schemes. It proposing to bring in new rules on climate-related disclosures for listed companies linked to the TCFD from 1 January 2022. FCA consults on TCFD rules for contract-based schemes It also said it...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Regulation

Caroline Rainbird

FSCS levy demand for 2023/24 'significantly' cut to £270m

Updated levy is £208m lower than the forecast published in November 

Jenna Brown
clock 25 May 2023 • 3 min read
SDR holds “a lot of promise”, the firm said, especially in a simplified disclosure for consumers

Morningstar: FCA has 'once-in-a-generation opportunity' in SDR

Sustainability Disclosure Requirements to build a 'truly cohesive' framework

Elliot Gulliver-Needham
clock 18 May 2023 • 3 min read
FCA censures Lighthouse after British Steel 'serious failings'

FCA censures Lighthouse after British Steel 'serious failings'

Quilter-owned firm has paid out £23m in redress

Jenna Brown
clock 15 May 2023 • 2 min read