10.19.21
On October 19, UK Chancellor Rishi Sunak announced the publication of a new report, Greening Finance: A Roadmap to Sustainable Investing, outlining the country’s strategy for implementation of new Sustainability Disclosure Requirements (SDR) for investors and businesses. These latest requirements align with standards set by the Task Force on Climate-related Financial Disclosures (TCFD). They direct market participants to disclose more on their environmental impact and aim to mitigate greenwashing while supporting the U.K.’s goal of transitioning to a greener financial system. ESGToday reports the roadmap has been met with positive reactions from the investor community and in some cases, investors proposing more “stringent reporting requirements.”