The Aldersgate Group says the UK Government and financial regulators must take new measures to make the UK the world’s first net zero-aligned financial centre. According to the group’s new report, the authorities should prioritise the adoption of streamlined requirements and maximising the effectiveness of the UK’s green finance regime. The key recommendations of the report include providing stronger and clearer guidance to businesses and financial institutions, designing a future-proof, streamlined framework for Sustainability Disclosure Requirements, ensuring compatibility with other global frameworks, building a green finance regime that engages with systemic risk and accelerating the implementation of the UK’s Net Zero Strategy. Robbie Epsom, EMEA Head of ESG at CBRE Investment Management, said: “We welcome these recommendations from the Aldersgate Group; if adopted these measures would support financial institutions and large corporates with improving their awareness of climate risks and enable them to realise their net zero ambitions. The transition to net zero will only be successful with collaboration across the whole economy [….] These recommendations should help position the UK as a leader in Green Finance.”
Today we launch our latest policy briefing; "Building a UK Net Zero-Aligned Financial Centre: What Next?" which outlines the policy steps that must be taken to deliver the @hmtreasury goal of making the UK the world's first #netzero financial centre 👇👇https://t.co/yj2ZzS8OUD pic.twitter.com/J70XNyOz26
— Aldersgate Group (@AldersgateGrp) June 15, 2022
