Information on sanctions and investigations on climate-related disclosures - June 2022

FOI Release Date of Release:

Reference Case Number: FOI9286

Freedom of Information: Right to know request:

  • The number of firms sanctioned for breaching rules on Climate-Related Disclosures as per the ESG sourcebook to date. Please provide a breakdown by month.
  • The number of open investigations for breaching rules on Climate-Related Disclosures as per the ESG sourcebook to date. Please provide a breakdown by month

FCA response:

The ESG Sourcebook came into effect from 1 January this year and requires the firms in scope (per ESG 1.2.1R and ESG 1.2.2R) to make the relevant climate-related disclosures (per ESG 2) in accordance with the timeframes set out in ESG 2.1.1R and ESG 2.1.2R.

As these rules took effect only from 1 January 2022, the firms in scope have not yet reached the point in time at which their disclosures would be due. As a result, no firms have yet been sanctioned for breaches of the rules in the ESG Sourcebook and there are no open investigations.