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Delivering a Net-Zero Financial Centre: Recommendations from UKSIF’s ‘Net-Zero Inquiry’, is a direct response to the UK government’s announcement made at COP26 last year, which committed the UK to the specific objective of becoming the world’s first net-zero financial centre. The report identifies a series of key steps for government, regulators and the financial services industry to adopt to help achieve this vital goal. Specifically, making clear that the UK must continue to lead the way in tackling the climate crisis by ensuring the alignment of financial flows with a net-zero pathway as quickly as possible. This mission has become increasingly pressing in light of stark warnings from the Intergovernmental Panel on Climate Change (IPCC) and others of the need to ensure greenhouse gas emissions peak as soon as possible to tackle the climate crisis.
The report presents a series of measures to drive the systems change necessary to move the sector far more rapidly towards net-zero, and help achieve the UK’s world-leading ambition made at COP26. This includes ambitious recommendations on: transforming the real economy to drive net-zero aligned investing and lending; creating a world-leading ‘green taxonomy’ and sustainability disclosures framework; strengthening investors’ stewardship role in the economy; supporting communities, clients, and savers on the journey to net-zero; and shifting the whole financial sector and economy to net-zero, including parts of the system that have not been prioritised in rulemaking.
UKSIF’s 290+ members represent over £10trn in assets under management (AUM). They have an absolutely critical part to play to advance the rapid decarbonisation of the economy and address many of the pressing social challenges facing the country that are key to delivering net-zero. As well as highlighting priority areas for swift action by government and regulators, the report recognises too the enormous responsibility of UKSIF’s members to contribute to building a sustainable future at the rapid pace and scale that is needed.Learn more