The regulator said financial services and markets play a “central role” in the transition to net zero, adding that it is committed to ensuring “high-quality climate- and sustainability-related disclosures to support accurate market pricing”.

The FCA is also consulting on new disclosure rules in line with TCFD guidance for asset managers, life insurers and FCA-regulated pension schemes.

It proposing to bring in new rules on climate-related disclosures for listed companies linked to the TCFD from 1 January 2022.

FCA consults on TCFD rules for contract-based schemes

It also said it would focus on addressing greenwashing concerns as a priority.

In addition, the regulator’s wholesale priorities also increase increasing supervision of whether ESG attributes of asset management investment products are fair, clear and not misleading.

Finally, the FCA also said it was committed to driving innovation in sustainable finance through technology to “bring about…

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