UK Makes it Official: Mandatory Climate Disclosure to Become Law

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United Kingdom

Posted by Mark Segal

Days ahead of the COP26 climate conference, the UK government announced formal plans to introduce legislation requiring mandatory climate-related disclosure by companies and financial institutions.

The legislation is expected to become law in April 2022, at which time more than 1,300 of the country’s largest publicly listed companies and financial institutions will become the first to provide reporting in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

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