Leading investor trade body’s reaction to key Parliamentary report on “green finance”
London, 6th March 2014
Today, the House of Commons Environmental Audit Select Committee led by Joan Walley MP published its “Green Finance” report advising the Government on how to boost investment into the low-carbon economy. The UK Sustainable Investment and Finance Association (UKSIF), quoted in the high-profile report, welcomed the Committee’s response and noted that it had clearly listened to many of the investor community’s concerns.
Caroline Escott, UKSIF Head of Government Relations, said:
“It’s great news that the Committee seems to have taken on board concerns from UKSIF, its members and other investor representatives, about the necessity of having a stable and coherent policy framework in order to boost investment in the ‘green’ economy.
“Mega-trends – such as climate change or resource depletion – could have a significant impact on investors’ portfolios and, ultimately, on people’s savings and pensions. It’s therefore vital that policymakers create the right kind of environment to get the right kind of investment.
“Urgent legislative and regulatory action – such as clarifying legal duties to encourage investors to take environmental, social and governance issues into account – is now needed to ensure the UK remains a global leader in the field of long-term investment for a sustainable and prosperous future.”
To read the full press release, please click here.