| Link(s): | https://www.fca.org.uk/news/news-stories/fca-looks-external-experts-help-shape-work-esg-issues |
Context
The FCA is establishing a new advisory committee to the FCA’s Board to work on Environmental, Social and Governance (ESG) issues, and is looking for expressions of interest from stakeholders to join.
Key points to note
- Earlier this year the FCA Board decided to establish a new ESG Advisory Committee to help execute its ESG-related responsibilities. The Committee’s role will be to provide advice to the Board on:
- how it executes oversight of ESG issues relevant to the FCA both as a regulator and their operations
- relevant emerging ESG topics or issues
- how the FCA should develop its ESG Strategy, in keeping with the organisation’s statutory objectives and regulatory principles.
- The Committee’s membership will include a small number of external experts who have in depth knowledge of ESG issues in the financial sector. Members will be appointed by the Board in a personal capacity and will need to abide by a conflict of interest policy. People currently employed by FCA regulated firms will not be appointable to the Committee.
Next actions
None – for information and awareness.