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UK companies to comply with climate change agenda or face 'action', says watchdog groups
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Some of Britain's top listed companies could be downplaying risks from climate change on their bottom line and could face "appropriate action", regulators said on Friday.
Trillions of dollars have flowed into stocks and bonds of companies which tout their environmental, social and governance (ESG) credentials, leaving regulators worried about "greenwashing" or companies flattering their green profile to attract investments.
Companies listed on the London Stock Exchange's premium market have been required since 2021 to make climate-related disclosures to investors in line with the global Taskforce on Climate-related Financial Disclosures (TCFD) – or to explain why they have not.