November 10, 2020 | less than a minute read

U.K. to Require Disclosure of Financial Impact of Climate Change

Mintz

U.K. regulators making a decisive move around disclosure by public companies of the financial impacts to them of climate change. Will the U.S. follow? Chances would seem greater under a Biden Administration than under a Trump Administration, but only time will tell. In the meantime, the proliferation of ESG reporting frameworks only adds to the multitude of "optional" reporting methods on this complex issue.

The U.K. said that companies need to report the financial impacts of climate change on their businesses within the next five years, becoming the first country to make the disclosures mandatory as investors and governments demand corporations curb their greenhouse gas emissions.