The UK’s FCA is updating sustainability reporting guidelines for asset managers, insurers, and pension providers based on industry feedback. The rules align with TCFD recommendations, now integrated into ISSB Standards. Findings show firms consider climate risks, but face challenges like data availability and reporting complexity. FCA aims to streamline reporting for efficiency and quality.
The regulator’s review is part of a broader strategy to refine the regulatory framework for asset managers. Plans include considering SDR, UK ISSB standards, and transition plans. FCA’s goal is to reduce reporting strain on firms while ensuring the information provided to clients is of high quality and utility. The updates are to streamline sustainability reporting for asset managers.

Read more at Yahoo Finance: FCA to streamline sustainability reporting for asset managers