FCA speech highlights climate risk and UK’s leadership in sustainable finance
The Financial Conduct Authority (FCA) has published a speech by its chair, Ashley Alder, delivered at the Climate Financial Risk Forum's Symposium on 23 October 2025, highlighting that climate risk is significant and financially material and calling for industry collaboration to position the UK as the world’s sustainable finance centre. Alder outlined the FCA’s initiatives to integrate ISSB standards into UK rules, introduce new climate disclosure rules and measures under the Public Offers and Admissions to Trading Regime, and bring ESG ratings providers within its regulatory perimeter to improve transparency and investor confidence. He also announced a joint pilot with the Prudential Regulation Authority (PRA) and the Green Finance Institute (GFI) to identify potential barriers to scaling finance for climate solutions, and a technical assistance programme to support sustainable finance frameworks in Asia. Emphasising that climate change affects credit risk, insurance risk, market stability and operational resilience, Alder urged firms to ‘seek out the opportunities’ and reaffirmed the FCA’s commitment to clear, proportionate rules, global cooperation and innovation to make the UK a leader in sustainable finance.