So, finally a deal was done. Not quite the one hoped for, but better than the worst fears. Something of a holding pattern perhaps, as even the effervescent Boris Johnson admitted as he said it had scored six out of ten.
The FCA is publishing a Discussion Paper to coincide with COP26 Finance Day, inviting views on potential criteria to classify and label investment products.
Major demand pushed the Government’s green gilts sale to raise £10bn, the largest inaugural green issuance by any sovereign, with the largest ever order book for a sovereign green transaction. A second issuance will take place later in the year.
Make My Money Matter (MMMM) has called on the UK’s largest defined benefit (DB) schemes to commit to “robust net zero targets” in a letter that is the latest step in its industry-wide push for climate action.
Triodos Bank UK is partnering with Paces Sheffield, a charity for children and adults with Cerebral Palsy and other neurological motor disorders, to raise £1.5m through a new bond offer on the Triodos Crowdfunding platform.
Make My Money Matter (MMMM) has teamed up with Count Us In and announced the launch of the Green Pensions Charter, which will campaign to ensure pensions are invested more sustainably.
According to Bank.Green’s Money Movement campaign, the world’s 60 largest private-sector banks have poured $3.8tr into fossil fuel projects since the Paris Agreement. The campaign, in partnership with a coalition of movements and organisations including BankTrack and Reclaim Finance, encourages bank customers to take action against their banks.
The UK is investing £10m in a new national green finance research centre that will advise lenders, investors and insurers, enabling them to make environmentally sustainable decisions, and support a greener global economy.
The Principles for Locally Led Adaptation have been unveiled at the start of the Climate Adaptation Summit to ensure climate adaptation is led by local people.
The majority of people in the UK see 2021 as vital for tackling the climate emergency with two thirds (67 per cent) believing the planet is in a worse shape than it has ever been, and that the world needs to act within the next year if it is going to tackle the climate emergency.
HSBC and Young Money have launched Money Heroes, a financial education programme centred around an innovative online platform designed to help teachers and parents collaborate on the delivery of meaningful and fun home and school learning.
Over twenty organisations have sent an open letter to the Government calling for the finance industry not to be left out of a proposed new law to tackle the UK’s contribution to global deforestation.