HRH The Prince of Wales’ Sustainable Markets Initiative’s (SMI) initiative has been expanded by an invitation to executives from a number of the world’s largest banks to join the Financial Services Taskforce (FSTF).

The FSTF operates as an industry sub-group of the SMI, and is chaired by Noel Quinn, group chief executive of HSBC. Its members are drawn from across the banking industry, and include Bank of America, Barclays, BNP Paribas, Citi, Coutts, Credit Suisse, JP Morgan, Lloyds, Macquarie, NatWest Group and Standard Chartered Bank.

the FSTF will focus its attention on net-zero carbon emissions accelerating the flow of private investment into sustainable infrastructure projects and climate solutions such as the development of carbon markets.

The Prince of Wales said: “In launching the Sustainable Markets Initiative last year, my aim was to convene global leaders, as part of a ‘Coalition of the Willing’, from across industries and almost every sector of the economy. The Financial Services sector has a vital role to play as a catalyst and driver for change across other industries. I am delighted that the Financial Services Task Force has come together under the SMI umbrella to identify ways to set our planet on a fundamentally more sustainable trajectory.”

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