FCA: 'Too early' for rules over sustainable board members

The regulator's head of ESG speaks out at a conference

It is "too early" for the make-up of corporate boards to be mandated with specific sustainability expertise, the Financial Conduct Authority (FCA) says.

Despite a rise in sustainability-related litigation aimed at company directors, the FCA's director of ESG likened the need for boards to evolve their expertise instinctively, "just as has been done with IT or cyber risks." Speaking at the FT's Moral Money conference on 23 March, FCA director of ESG Sacha Sadan said: "Maybe boards do need to move some people off and bring some new people on. We have been writing about this and are trying to help, but we're not putting rules in place too early." Sadan's allusion was to the FCA's open discussion paper, 'Finance for positive sustainable c...

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Sian Barnett Wike
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Sian Barnett Wike

Sian Barnett Wike is Deputy Editor of Sustainable Investment

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