FCA has announced a new advisory committee to its Board which will focus on supporting FCA with its ESG-related responsibilities. This is intended to align with the UK’s commitment to achieving a net zero economy by 2050. The committee will provide guidance to the Board on relevant emerging ESG topics or issues, as well as its views on how FCA should develop its strategy for ESG issues.
FCA has already worked on related issues within its ESG Strategy, including clamping down on greenwashing, monitoring of ESG-related business by firms and a review of climate disclosures by listed companies. FCA has also been involved with the Government’s Transition Plan Taskforce.
The appointed members of the committee were announced in a press release.