Increasing transparency on climate and wider sustainability risks and opportunities is a key priority under the FCA's ESG Strategy. They introduced a climate-related disclosure rule for premium listed issuers as a first step to improving the quality and quantity of disclosures across the corporate sector. The FCA outlines in the report their preliminary observations following an assessment of the first climate-related disclosures made in line with their rule and reiterate their expectations. They also refer to better practice examples highlighted in the Financial Reporting Council’s complementary review to help companies improve their disclosures.