UKSIF response to PM’s wavering on climate commitments

In response to reports that the Prime Minister, Rishi Sunak, plans to weaken a number of the government’s climate change commitments, the UK Sustainable Investment and Finance Association has issued the below statement.

James Alexander, Chief Executive of the UK Sustainable Investment and Finance Association, said:

“Despite growing warnings from the investor community, the government continues to wobble on its climate commitments, damaging investor confidence and putting the UK’s economic future at risk.

“The UK has a strong record in tackling climate change, but any backwards steps will undermine confidence in our transition to net zero, deterring investment away from the UK and putting at risk the jobs and growth that come with it.

“Transitioning to net zero presents a huge economic opportunity, as leaders in the US, EU and elsewhere recognise, but ignoring investor voices will only reduce the UK’s share of this global prize.”

UKSIF recently coordinated a letter to the Prime Minister warning that the government’s recent rhetoric risks stopping the finance sector from making the transformative investments needed to reach net zero and grow the economy.