FRC proposals to update the UK Corporate Governance Code

What’s the issue? The Financial Reporting Council (FRC) has published UK Corporate Governance Code - Consultation document, which proposes a series of changes to the UK Corporate Governance Code (Code); the first changes since the 2018 revision.  This is described...

Proposals to significantly change the equity listing rules as part of the Primary Markets Effectiveness Review

What’s the issue? The Financial Conduct Authority (FCA) has published a consultation paper CP23/10: CP23/10: Primary Markets Effectiveness Review – Feedback to DP22/2 and proposed equity listing rule reforms that proposes a number of significant changes to the listing rules...

Sustainability and climate reporting – International Sustainability Standards Board (ISSB) publishes first two global standards relating to sustainability and climate reporting

Two new global standards, issued in June 2023 by the International Sustainability Standards Board (ISSB); a new part of the IFRS foundation, are the first of two standards which are expected to be a suite of globally applicable requirements. The...

Climate reporting – Mandatory legislation for the UK’s largest listed (including AIM) companies, banks, insurers and private companies aligned with TCFD

What’s the issue? Legislation has been published The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2021 that mandates the UK’s largest listed companies, banks and insurers, as well as some private companies, to report on how they are considering the...

TCFD alignment studies from the FCA and FRC

Scope At the end of July 2022, both the Financial Conduct Authority (FCA) and the Financial Reporting Council (FCA) published reviews of TCFD reports by listed companies.  The FCA’s report covers all calendar year-end reports published to date by premium...

Climate-Related Financial Disclosures for 2021 and beyond – Where are we now?

The TCFD disclosure requirements became effective for UK premium listed companies at the start of 2021 and will do so for standard listed companies from January 2022. New regulations will also become effective from April 2022 which will also capture...

The EU ‘Green’ Taxonomy for sustainable activities

What is it? The taxonomy is intended to define activities which qualify as green. It is a classification system that sets out a list of environmentally sustainable economic activities and is planned to help the EU implement the European Green...

Task Force on Climate-related Financial Disclosures (“TCFD”) – The new resolution

As new Climate Change requirements become effective for UK premium listed companies, here we look at what this means for these companies, and those next in line to be required to apply them. However, more importantly, we also consider how...

Top tips for 2020/21 annual reporting

At our Corporate Governance and Reporting Forum webinar, we discussed the pressures and challenges that companies, particular listed and AIM, are facing this year with their annual reporting. This article sets out our top tips for 5 significant areas of...

There’s much at stake: Reporting on employees, customers and suppliers under Section 172 for 2019 year-ends

The requirements for listed companies to manage their businesses and report on the outputs to, and relationships with, a broader group of stakeholders than just shareholders have been growing for some time.  Here we consider the ‘Section 172’ change that...