There are trillions of dollars in sustainable finance and ethical investing, how do we tackle greenwashing? June 11, 2021 The announcement that the government is setting up a new group to help tackle “greenwashing” is good news for everyone. We know ethical investing is booming. Some models have ESG-linked funds outnumbering conventional ones by 2025, and the combination of climate-consciousness, social awareness, and a desire for purpose as well as profit bodes well for [...]
UK to offer all COP26 delegates vaccine ahead of conference June 11, 2021 Downing Street today announced the UK will offer vaccines to delegations attending the COP26 summit hosted in Glasgow later this year. In an effort to allow for the full participation of countries that will be most affected by climate change, accredited delegations who are unable to get vaccinations will be offered the jab. While it [...]
UK and US joining forces on climate action at G7 may boost trade deal chances June 9, 2021 UK and US joining forces on climate action at G7 may boost trade deal chances
Treasury sets up new expert panel to tackle ‘greenwashing’ June 9, 2021 The Treasury has today set up a new group of expert advisers in order to clamp down on “greenwashing” amid the economic transition to a net zero economy. With businesses under more pressure than ever by shareholders and activists to ensure that their operations and investments do not damage the environment, ministers have been urged [...]
Draft EU plans for a Carbon Border Adjustment Mechanism June 8, 2021 | City Talk Draft EU regulations last week provided businesses with their first opportunity to consider the Commission’s current thinking around embedding a carbon price on imported, emissions-intensive goods. The Carbon Border Adjustment Mechanism (CBAM) would introduce a charge aimed at ensuring that the cost of foreign products imported to the EU reflects their carbon content. Under the [...]
Bank of England launches climate stress test for banks and insurers June 8, 2021 The Bank of England has set out its first climate stress test for the UK’s top banks and insurers but have said the results will not currently be used to determine capital requirements. The test will scrutinise the resilience of Britain’s financial system to stresses from a shift to a net zero-carbon economy as well [...]
The race is on to put climate change centre stage June 8, 2021 | City Talk With the countdown to COP 26 well underway, this article looks at how the race is on to put climate change at centre stage. Sustainability is the key theme for ICAS for the month of June. Throughout June, we will be focussing on the three strands of sustainability: environmental, social and governance (ESG), in our [...]
Minister pushes back on claim of £90,000 bill to UK households for achieving net zero June 7, 2021 Minister pushes back on claim of £90,000 bill to UK households for achieving net zero
G7: Building back better will need a truly global approach to finance June 7, 2021 Over the weekend G7 finance ministers and financial leaders from across the world came together in London for arguably their most important meeting since the 2008 financial crisis. Top of their packed agenda was of course the recovery from COVID, against the backdrop of environmental issues and the challenges of reaching net zero emissions. Much [...]
Entrepreneurs and businesses – not politicians – will drive ESG forward June 6, 2021 When COP26 brings the world’s leaders together in Glasgow later this year, expect to hear plenty of talk about proposed regulation, but little in the way of real, strong action. The gap between rhetoric and result is best illustrated by the current approach to ESG, which risks flopping before it can even become the standard. [...]