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On 24 March 2021, the UK government’s Department for Business, Energy & Industrial Strategy (“
BEIS”) launched a consultation seeking views on its proposals to mandate climate-related financial disclosures by publicly quoted companies and large private companies, banks and insurance companies, and limited liability partnerships (the “
Consultation”). The Consultation runs to 5 May 2021 and seeks input on requiring large UK companies to make disclosures in line with the Financial Stability Board’s Task Force for Climate-Related Financial Disclosures (the “
TCFD”). Responses to the consultation may be made by email to climatedisclosure@beis.gov.uk or online here.
The Consultation
The proposal subject to the Consultation is to require certain publicly quoted and large UK companies and limited liability partnerships (“