FCA chair outlines new climate disclosure rules and market actions

The FCA announced new climate disclosure rules in the Public Offers and Admissions to Trading Regime, plans to consult on adopting ISSB standards for listed companies, will bring ESG ratings providers into the regulatory perimeter, will run a technical assistance programme in two south‑east Asian countries, and is piloting work with the PRA and Green Finance Institute to identify barriers to scaling climate finance.

• Main action: The FCA has added a new climate disclosure rule to the Public Offers and Admissions to Trading Regime allowing issuers to publish information under a new Protected Forward‑Looking Statements category (liability threshold based on whether the issuer was reckless or dishonest). The FCA will consult soon on how to update rules to adopt ISSB standards for listed companies and will consult on a framework to regulate ESG ratings providers.
• Background & other details: The FCA is launching a pilot with the PRA and Green Finance Institute to identify barriers to scaling finance for climate solutions, will shortly send a technical assistance team to two south‑east Asian countries, and referenced international momentum including China’s markets (a Chinese EV battery IPO raised over US$5bn, and China had over US$555bn in green bonds issued by end‑2024). Chile will mandate ISSB‑aligned reporting from 2026.