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United Kingdom Environmental Social & Governance (ESG) Financial Reporting Council (FRC)

Proskauer - Regulatory & Compliance

FRC Launches Consultation on UK Stewardship Code

On 11 November 2024, the Financial Reporting Council (“FRC”) launched a consultation with significant updates proposed to the UK Stewardship Code (the “Code”). The aims of the consultation are to streamline reporting...more

Proskauer - Regulatory & Compliance

FRC Announces Interim Changes to UK Stewardship Code Reporting Requirements

On 22 July 2024, the Financial Reporting Council (“FRC”) announced interim changes to the reporting requirements for existing signatories to the UK Stewardship Code. These updates precede any updates arising from a wider...more

Latham & Watkins LLP

Recent Developments for UK PLCs - March Edition

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On 23 February 2024, the Investment Association (IA) issued its annual letter to FTSE 350 remuneration committee chairs providing an update on the IA’s Principles of Remuneration and emerging views on remuneration matters....more

Proskauer Rose LLP

Regulation Round Up - February 2024

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Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

Latham & Watkins LLP

Recent Developments for UK PLCs - December Edition

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Major Update on FRC Policy and Reset on Corporate Governance Reforms Plus CMIT Open Letter, With More to Come - On 7 November 2023, the Financial Reporting Council (FRC) announced a significant and wide-ranging policy...more

Cadwalader, Wickersham & Taft LLP

UK Institute of Directors: UK’s FRC Should Maximize Adaptability of Governance Code

In September 2023, the UK’s Institute of Directors (IoD) announced its broad support for changes to the UK Corporate Governance Code proposed by the Financial Reporting Council (FRC). The FRC’s proposed revisions seek to...more

BCLP

Crisis of Trust: Corporate Governance Update 2023

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Following a series of accounting and audit scandals in recent years and what has been described as a “crisis of trust”, the UK Government, regulatory bodies, and institutional investor groups have set out to reform the UK’s...more

Cadwalader, Wickersham & Taft LLP

Reports Highlight UK Private Sector Preference for Mandatory ESG Reporting

UK regulators, specifically the Institute of Chartered Accountants of Scotland (ICAS) and the Financial Reporting Council (FRC), recently released reports regarding the demand for mandatory environmental, social, and...more

BCLP

FRC research on the influence of proxy advisors and ESG rating agencies

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The FRC has published research on the influence of proxy advisors and ESG rating agencies on the actions and reporting of FTSE 350 companies and investor voting. This makes interesting reading and highlights...more

Hogan Lovells

ESG Market Alert – November 2022

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In this alert, we provide a round-up of the latest developments in ESG for UK corporates. In this month’s ESG Market Alert, we cover: The expanding scope of EU rules on ESG disclosures; FRC Lab launches project on...more

Morrison & Foerster LLP

FRC Report Highlights Shortcomings in UK Modern Slavery Corporate Reporting

On 25 April 2022, in collaboration with the UK Independent Anti-Slavery Commissioner, the Financial Reporting Council (“FRC”) published a report on Modern Slavery Reporting Practices in the UK (the “Report”). ...more

Hogan Lovells

UK Stewardship Code 2020 raises the bar, including with ESG requirements

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This week, the Financial Reporting Council (FRC) published the first list of successful signatories of the revamped 2020 UK Stewardship Code (the Code). While we note that the number of successful signatories have fallen this...more

Latham & Watkins LLP

ESG Matters Incorporated Into UK Stewardship Code

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The revised Code is likely to encourage a more robust and substantive review of ESG issues by institutional investors. Background - The UK Stewardship Code (the Code) was originally published in 2010 following a review...more

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