UK Regulator Drops Tougher Climate Reporting Plans
Britain dropped plans to require listed firms to adopt new climate reporting standards. The regulator will instead retain a flexible comply or explain approach. Businesses had raised concerns about rising costs and competitiveness.
The United Kingdom financial regulator dropped plans to require listed companies to adopt a new climate-reporting standard on Wednesday afternoon. The watchdog will instead retain a comply or explain approach following industry concerns over costs. The decision follows similar moves by the United States and the European Union to scale back reporting burdens.
