Regulators Tell UK Firms To Improve Climate Reporting
By Joel Poultney (July 29, 2022, 5:19 PM BST) -- Britain's audit and financial watchdogs on Friday both urged a suite of top-flight companies to improve their climate-related reporting in line with recent disclosure regulations, despite noting a "significant improvement" compared with previous years.
The Financial Reporting Council and Financial Conduct Authority each published a report after conducting reviews of hundreds of listed companies. The FRC said it studied 25 listed businesses, while the FCA reviewed 171.
Both regulators said the companies had improved the quality of climate-related information provided in their financial reports, but they flagged several areas where businesses need to raise the quality of disclosures.
"It is encouraging...
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