UK to make climate risk reports mandatory for large companies

Rishi Sunak says disclosures will be mandatory within five years as part of net-zero plans

Large companies and financial institutions in the UK will have to come clean about their exposure to climate risks within five years under the terms of a tougher regime announced by the chancellor, Rishi Sunak.

In an attempt to demonstrate the government's commitment to tackling global heating, Sunak said the UK would go further than an international taskforce had recommended and make disclosure by large businesses mandatory.