UK's consultation on Mandatory climate-related financial disclosures by publicly quoted companies, large private companies and LLPs: [ Ссылка ]
The draft requirements issued by the UK Department for Business, Energy & Industrial Strategy (BEIS) cover:
All UK companies that are currently required to produce a non-financial information statement, being UK companies that have more than 500 employees and have transferable securities admitted to trading on a UK regulated market, banking companies or insurance companies (Relevant Public Interest Entities (PIEs);
UK registered companies with securities admitted to AIM with more than 500 employees;
UK registered companies which are not included in the categories above, which have more than 500 employees and a turnover of more than £500m; and LLPs which have more than 500 employees and a turnover of more than £500m.
A key element of the proposal is to evolve existing requirements to align the with the TCFD, rather than to create new requirements.
In total, it is expected that around 1600 companies will be required to implement the TCFD recommendations, starting with financial years on or after 6 April 2022.
Moderator: Mardi McBrien, Managing Director, CDSB
Introduction to the proposals: Ben Fagan-Watson, Senior Policy Officer – Department of Business, Energy and Industrial Strategy (BEIS)
Panellists:
Bridget Beals, Partner, Co-Head of Climate Risk and Decarbonization Strategy, KPMG
Daniel Wiseman, Lawyer (Australian qualified), ClientEarth
Michael Zimonyi, Policy & External Affairs Director, CDSB
Visit our website: [ Ссылка ]
Sign up for free CPD accredited online courses on the #TCFDHub: [ Ссылка ]
- Introduction to climate-related disclosures – starting your climate journey
- Understanding the recommendations of the TCFD
- Embedding climate change into financial management – climate-related reporting for accountants.
- Corporate reporting of climate and environmental matters in the European Union
- Governance of climate-related risks and opportunities
- An introduction to managing the financial risks from climate change
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