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Climaterelated Financial Disclosures 2022Climaterelated Financial Disclosures 2022Articulates Nationwides ambition, aligned to our purpose, to lead the greening of the UKs homes and our supporting
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The UK introduced new climate-related financial disclosures aimed at increasing transparency and accountability in climate-related risks and their financial implications for businesses.
Large companies and certain financial institutions in the UK are required to file climate-related disclosures as part of their annual reporting under the new regulations.
Companies must follow the prescribed guidelines provided by the UK government, which typically includes assessing climate-related risks, establishing governance frameworks, and reporting on strategies and metrics in their annual reports.
The purpose is to help businesses understand, disclose, and manage climate-related risks and opportunities, thereby promoting sustainable investment and supporting the UK’s climate goals.
Companies must report on governance, strategy, risk management, and metrics related to climate-related risks and how they impact financial performance.
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