IIGCC response to BEIS consultation on TCFD disclosures
The UK Department for Business, Energy & Industrial Strategy (BEIS) published a consultation on mandatory climate-related financial disclosures by large publicly quoted companies, private companies and Limited Liability Partnerships (LLPs) on 24 March 2021. The proposals will require all large companies and LLPs to disclose climate-related financial information in line with the four overarching pillars of the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The regulations are expected to be finalised by the end of 2021, with the rules entering into force on 6 April 2022, becoming applicable for accounting periods starting on or after that date.
IIGCC submitted a response on the consultation to BEIS on 5 May. Download the response below.