The U.K. market watchdog wants big British public companies to disclose more about their exposure to climate risks - or tell investors why they can't.The proposal from the Financial Conduct Authority is part of a growing effort by policy makers and money managers to confront how companies will manage the shift to a lower carbon economy.The voluntary program could cover 480 issuers with a combined market value of 2.3 trillion pounds ($3 trillion), which is about 60% of the main market at the London Stock Exchange, the FCA said. All companies in the FTSE 100 index would be captured, along with many smaller firms that opted for a premium listing.
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