FCA publishes strategy paper and timetable on its ESG priorities

Overview

ESG remains high on the regulatory agenda and this is unlikely to change, at least in the near to middle term future.

If the financial sector is going to help support the transition to a more sustainable future, market participants and financial services firms need high quality information, a well-functioning ecosystem and clear standards.  

With this in mind, on 3 November 2021, the FCA published a webpage, "A strategy for positive change: our ESG priorities".

This both (a) provides a high-level overview of the regulator's ESG strategy and (b) sets out the outcomes it hopes to achieve, its strategic themes and the key actions it expects to take.

Although the FCA notes that some results may take 'multiple years' to achieve, in a separate webpage published at the same time, it identifies a number of interim milestones in the coming period.