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The UK government’s consultation on mandatory TCFD disclosures - Hymans Robertson

Publication

Newsflash

The UK government’s consultation on mandatory TCFD disclosures

28 Apr 2021

In late March, the UK government issued a consultation on proposals to make climate-related financial disclosures mandatory for many large companies.

The proposal requires in-scope companies to prepare disclosures in line with the Taskforce on Climate-related Financial Disclosures (‘TCFD’) recommendations. The consultation closes on 5 May 2021, with final regulations expected to come into force on 6 April 2022. 

This consultation builds on FCA PS 20/17, which made TCFD disclosures mandatory for companies with a UK premium listing by 2022. Ahead of this, PRA SS 3/19’s requirements for banks and insurers included an expectation that firms consider engaging with the TCFD framework when developing their approach to climate-related financial disclosures.

Read the full newsflash to find out:

  • Who is in the scope for the consultation?
  • What is the TCFD and what does it recommend?
  • The proposed disclosure requirements
  • What next?
  • How Hymans Robertson can support you

Download the full newsflash

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