Thursday, June 13, 2024

UK Delays Decision on Adopting Global ESG Standards Until 2025

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The UK government is pushing back a decision on whether to adopt global sustainability reporting standards for publicly traded companies and incorporate them into its national policies on environmental, social, and governance disclosures.

The Department for Business and Trade said in an update Thursday that it “aims to make” a decision on whether to approve the International Sustainability Standards Board’s rules by March 2025, missing its self-imposed deadline of July this year.

If the government approves the international standards, then the Financial Conduct Authority, a financial services watchdog, would decide whether to make them mandatory for companies listed on UK …

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