The UK Financial Conduct Authority (the “FCA“) recently published its Discussion Paper (DP23/1) on ‘Finance for positive sustainable change’ (“DP23/1“) as part of its ongoing effort to promote sustainable finance and align the financial sector with the UK’s environmental, social, and governance (“ESG“) goals. DP23/1 draws on the Task Force on Climate Related Financial Disclosures (“TCFD“) recommendations and considers how regulated firms’ governance, incentives and competence can support sustainability-related objectives.

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