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FCA proposes climate risk reporting duty for asset managers

(IPE)The UK’s financial services regulator is considering whether to require asset managers and other financial services firms to report publicly on how they manage climate risks. Noting the work done by the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures (TCFD), the regulator said there was “an opportunity for us to build on the work of the TCFD to help organisations, including firms, manage the transition to a low-carbon economy and encourage the financial services industry to consider the impact of climate change”.

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