| Link(s): | FCA announces ESG Advisory Committee to its Board | FCA A strategy for positive change: our ESG priorities | FCA |
Context
Earlier this year the FCA Board agreed to establish a new ESG Advisory Committee to help execute its Environmental, Social and Governance (ESG) related responsibilities. This includes meeting the Government’s expectation that we ‘have regard’ to the UK’s commitment to achieving a net zero economy by 2050, when considering how to advance and achieve our objectives and functions.
Key points to note
The ESG Advisory Committee will:
- Support the Board in executing oversight of ESG-related issues relevant to the FCA as a corporate entity and as a regulator.
- Provide guidance to the Board on relevant emerging ESG topics or issues and views on how the FCA should develop its ESG strategy in keeping with the organisation’s statutory objectives and regulatory principles.
Next actions
Firms should be aware of the FCA’s ESG strategy and review their business to see where changes can be made to support the transition to a ‘net-zero’ economy.