Legal & Regulatory News

UK financial regulators publish joint statement on the publication of Climate Change Adaptation Reports

On 28 October 2021, the UK Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), Financial Reporting Council (FRC) and The Pensions Regulator (TPR) published a joint statement welcoming the UK Government's invitation under the Climate Change Act 2008 to publish Climate Change Adaptation Reports.

Each of the FCA, the PRA, and TPR released their respective Climate Change Adaptation Reports on the same date setting out how climate change affects their respective responsibilities and the actions they, and the financial sector, are taking in response to climate change.

The FRC is due to publish its own Climate Change Adaptation Report later this year.

Click here to access the joint statement.

Click here to access the FCA's Climate Change Adaptation Report.

Click here to access the PRA's Climate Change Adaptation Report.

Click here to access the TPR's Climate Change Adaptation Report.