An influential group of investors is urging UK regulators to make climate risk reporting mandatory for nearly 500 FTSE-listed firms. The Investment Association (IA), which represents 250 members with £8.5tn in assets, has thrown its weight behind calls for compulsory environmental disclosures, amid concerns that listed companies are not being transparent about how climate risks are influencing the way they invest and spend.

While the number of FTSE 100 companies claiming they have implemented the Task Force on Climate-related Financial Disclosures (TCFD) framework has more than doubled in the past year, to 77, the IA said just 53% had published reports covering all four of the key categories – climate governance, strategy, risk management, and metrics and targets. The IA is calling on the Financial Conduct Authority to make TCFD reporting mandatory for all 480 premium-listed FTSE companies.

Make climate risk reports mandatory for 480 FTSE firms, say investors | Environment | The Guardian