Companies and the largest limited liability partnerships (LLPs) will be required to disclose climate-related financial information, ensuring they consider the risks and opportunities they face as a result of climate change.

UK will become first G20 country to make it mandatory for the UK’s largest businesses to disclose their climate-related risks and opportunities, in line with Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.

For accounting periods starting on or after 6 April 2022, over 1,300 of the largest UK-registered companies and financial institutions will have to disclose climate-related financial information on a mandatory basis – in line with recommendations from the Task Force on Climate-Related Financial Disclosures. This will include many of the UK’s largest traded companies, banks and insurers, as well as private companies with over 500 employees and £500m in turnover.

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