This week at COP 26 saw a flurry of landmark achievements for greening the finance sector. The UK has delivered on its promise to make finance one of the core goals of this year’s climate conference, with back-to-back announcements by governments and regulators indicating a major win for responsible investors. This follows the series of policy announcements impacting the financial services sector in the run-up to COP, such as those unveiled in the UK’s ‘green finance roadmap.’
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The UK government has formally committed to investment in green business and to setting binding environmental targets.
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Sustainability standards consolidation draws closer IFRS Foundation seeks to launch sustainability standards board In response to growing demand for global standards as sustainability becomes ‘business as normal’ in financial reporting, the International Financial Reporting Standards (IFRS) Foundation is taking action in the run-up to the COP26 Summit. In September, the IFRS Foundation’s trustees intend to […]
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UK government urges private finance firms to make net zero pledge Finance is a central theme in the race to net zero The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future. Speaking at the Green Horizon Summit in London last week, UK business secretary Alok Sharma said […]
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China and Russia join push on climate change action International momentum is building around the race to net zero The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant targets. President Vladimir Putin has signed a decree ordering Russia to work towards the goals […]
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