"Members have been appointed by the Board in a personal capacity and will abide by a conflict of interest policy. "
The committee would provide advice on issues such as how it executes oversight of ESG issues relevant to the FCA both as a regulator and its own operations, relevant emerging ESG issues, and how the FCA should develop its ESG Strategy.
Since then, the FCA has published proposals for measures aimed at ‘clamping down’ on greenwashing, formed a group to develop a voluntary Code of Conduct for ESG data and ratings for providers, monitored ESG-related business by firms, and reviewed climate disclosures by listed companies.
Furthermore, the FCA has been an active participant in the Government’s Transition Plan Taskforce, helping to develop a draft framework and guidance for company transition plans. The newly curated ESG Advisory Committee will continue this progress, supporting the Board in ‘executing oversight’ of ESG-related issues relevant to the FCA as a corporate entity and as a regulator.
The ESG Advisory Committee will also provide guidance on how the FCA should develop its ESG strategy in keeping with the organisation’s statutory objectives and regulatory principles.
Following a high level of interest, the FCA has announced the appointment of the following committee members:
Tom Gosling, Executive Fellow in the Department of Finance at London Business School and Executive Fellow at the European Corporate Governance Institute
Catherine Howarth OBE, Chief Executive of ShareAction
Tim Mohin, former Chief Sustainability Officer for Persefoni AI and formerly Chief Executive of the Global Reporting Initiative
Desiree Fixler, Founder of RYSN Consulting and Chair of VentureESG
Sonali Siriwardena, Partner and Global Head of ESG at Simmons and Simmons
Harald Walkate, Senior Fellow at the Center for Sustainable Finance & Private Wealth (CSP) at the University of Zurich
The Committee will also include the FCA’s Chair, other Non-Executive Directors, and the Director of ESG.