Abstract
Achieving the goals of the climate policy and broader ESG issues requires the UK to make rapid changes in the regulatory and legal field, espe- cially in the financial sector. That requires an operational change in strategic goals, including those of the regulator, which is currently a pioneer in the field of ESG regulation. The article analyzes the gradual development of Financial Services Authority, the transformation of its ESG strategy, the formation of goals and objectives for the effective adaptation of the British economy to a more sustainable long-term future. The study confirms that Financial Services Authority needs to play a leading role at the international level, helping to move towards global solutions in the field of ESG. The results of the study also show that the introduction of new rules for the disclosure of non-financial in- formation is necessary, since expanded disclosure of information to customers and consumers will help make more sound financial decisions, what, in turn, increases competition between suppliers and intermediaries, protects consum- ers from inappropriate financial products and promotes the flow of funds into more sustainable projects and activities.
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More From: Science and art of management / Bulletin of the Institute of Economics, Management and Law of the Russian State University for the Humanities
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