LONDON (Reuters) – Britain’s financial watchdog said on Friday it will increase from January the number of firms which should explain to investors how climate-change is hitting their businesses.
The Financial Conduct Authority (FCA) confirmed companies with a standard listing on the London Stock Exchange will have to say in their annual reports whether disclosures are in line with a set of globally agreed norms or explain why they are not.
There will also be a similar requirement for asset managers, life insurers and pension providers, the FCA said.
(Reporting by Huw Jones, editing by Iain Withers)
