UK financial regulator weighs up tougher sustainability rules

The Financial Conduct Authority is considering whether to set requirements about sustainability practices, including remuneration and the implementation of transition plans.

The UK Financial Conduct Authority published a discussion paper on February 10 aimed at regulated companies, including banks, insurers and asset managers, where it considers if they should be expected to embed sustainability into their strategies, as well as whether it should set regulatory expectations on senior managers’ duties on executing their companies’ climate transition plans.