Yesterday the Government published "Greening Finance: A Roadmap to Sustainable Investing": see here (pdf). The document sets out the Government's plans for the creation of a new integrated framework for sustainability disclosures - to be known as Sustainability Disclosure Requirements (SDR) and building on proposals published earlier this year, for consultation, requiring mandatory TCFD aligned climate-related financial disclosures by certain companies.
The new framework contains three components: (1) corporate disclosure requirements, to be made with reference to international standards and a new UK "green taxonomy"; (2) asset manager and asset owner disclosure requirements; and (3) investment product disclosure requirements, including the introduction of a sustainable investment labelling regime. A summary is available here.
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