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The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector

Lloyd Brown

Environmental Law Review, Volume: 24, Issue: 3, Pages: 214 - 223

Swansea University Author: Lloyd Brown

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DOI (Published version): 10.1177/14614529221111854

Abstract

This legislative note examines the recent regulatory changes that were introduced on 6 April 2022, and which consequently affect the Companies Act 2006 and the Limited Liability Partnerships (Account and Audit) (Application of Companies Act 2006) Regulations 2008. The amendments mean that companies...

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Published in: Environmental Law Review
ISSN: 1461-4529 1740-5564
Published: SAGE Publications 2022
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URI: https://cronfa.swan.ac.uk/Record/cronfa60993
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first_indexed 2022-08-31T15:18:28Z
last_indexed 2023-01-13T19:21:31Z
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spelling 2022-09-09T17:28:47.7684576 v2 60993 2022-08-31 The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector 786add39c141818cbb959ce7277bbd69 Lloyd Brown Lloyd Brown true false 2022-08-31 LAWD This legislative note examines the recent regulatory changes that were introduced on 6 April 2022, and which consequently affect the Companies Act 2006 and the Limited Liability Partnerships (Account and Audit) (Application of Companies Act 2006) Regulations 2008. The amendments mean that companies and limited liability partnerships (LLPs) that fall within the regulations’ scope must now disclose their climate change risks and opportunities. It is submitted in this work that these amendments are a step in the right direction for ‘environment social governance’ (ESG) in the private sector. Indeed, the need to report on climate change risk is likely to drive the appetite of affected businesses to develop their ESG programmes within their overall risk management frameworks. Together with this intrinsic impact, the changes are also likely to increase ESG and CSR within the markets more broadly. Journal Article Environmental Law Review 24 3 214 223 SAGE Publications 1461-4529 1740-5564 Climate change, climate-related risks, ESG, CSR, regulation 1 9 2022 2022-09-01 10.1177/14614529221111854 COLLEGE NANME Law COLLEGE CODE LAWD Swansea University None 2022-09-09T17:28:47.7684576 2022-08-31T16:13:59.3157611 Faculty of Humanities and Social Sciences Hilary Rodham Clinton School of Law Lloyd Brown 1 60993__25102__bbf966de8a4f465caeb0359453ef5ec2.pdf 60993.pdf 2022-09-09T15:03:25.0718185 Output 128885 application/pdf Accepted Manuscript true true eng
title The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
spellingShingle The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
Lloyd Brown
title_short The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
title_full The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
title_fullStr The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
title_full_unstemmed The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
title_sort The climate-related financial disclosure regulations 2022: A step in the right direction for ESG in the private sector
author_id_str_mv 786add39c141818cbb959ce7277bbd69
author_id_fullname_str_mv 786add39c141818cbb959ce7277bbd69_***_Lloyd Brown
author Lloyd Brown
author2 Lloyd Brown
format Journal article
container_title Environmental Law Review
container_volume 24
container_issue 3
container_start_page 214
publishDate 2022
institution Swansea University
issn 1461-4529
1740-5564
doi_str_mv 10.1177/14614529221111854
publisher SAGE Publications
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str Hilary Rodham Clinton School of Law{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}Hilary Rodham Clinton School of Law
document_store_str 1
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description This legislative note examines the recent regulatory changes that were introduced on 6 April 2022, and which consequently affect the Companies Act 2006 and the Limited Liability Partnerships (Account and Audit) (Application of Companies Act 2006) Regulations 2008. The amendments mean that companies and limited liability partnerships (LLPs) that fall within the regulations’ scope must now disclose their climate change risks and opportunities. It is submitted in this work that these amendments are a step in the right direction for ‘environment social governance’ (ESG) in the private sector. Indeed, the need to report on climate change risk is likely to drive the appetite of affected businesses to develop their ESG programmes within their overall risk management frameworks. Together with this intrinsic impact, the changes are also likely to increase ESG and CSR within the markets more broadly.
published_date 2022-09-01T04:18:49Z
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