Scope
Premium and standard listed companies
UK · rule
FCA Listing Rules TCFD disclosure
LR 9.8.6R(8) and LR 14.3.27R
In forceApplies 2021-01-01
Penalties
FCA listing-rule enforcement
Last verified
2026-08-22
In plain language
What this law does
Comply-or-explain disclosure against the 11 TCFD recommended disclosures, with consistency statements. Being replaced by mandatory UK SRS S2 reporting under the FCA's 2026 proposals.
Core obligations
TCFD consistency statement; 11 recommended disclosures or explanation
Dictionary
Terms defined in this law
- Comply-or-explain statement against the **11 TCFD Recommended Disclosures** under the **four pillars** (Governance, Strategy, Risk Management, Metrics and Targets), with consistency statement and, where non-compliant, explanation + steps/timetable.FCA Listing Rules
- "Climate scenario analysis" expected where material; no scenario stringency mandated.FCA Listing Rules
Claims