Sustainability

The industry’s role in enabling the net-zero transition has remained a key priority and we have taken significant work forward in this area.

Our sustainability work

We influence the policy environment and evolution of regulatory frameworks to ensure the UK is positioned at the forefront of green and sustainable finance.

"The financial services industry [should look to] support the economy, businesses and the people of this country as we get back on our feet from the effects of Covid and transform the economy to support climate change. Fortunately, I know from many conversations that TheCityUK are up for the challenge."

Andrew Bailey, Governor of the Bank of England

Sustainability is a significant agenda for firms across the financial and related professional services ecosystem and cuts across all of our work.

With the support of our Green and Sustainable Finance Group, we do this by:

  • Developing policy positions in relation to green and sustainable finance issues and governance.
  • Addressing the future shape of the UK’s regulatory, legal and tax regimes and the approach of its regulatory and supervisory authorities to the development of the UK becoming a net zero aligned financial centre.
  • Providing an evidence base on the UK’s role as a leading net zero aligned financial centre.
  • Informing bilateral and global market engagement on green and sustainable finance and the broad ESG agenda.

Our latest sustainability work:

Transition Finance Market Review: summary

Our response to the Transition Finance Market Review call for evidence on how the UK can establish itself as a global hub for transition finance.

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TheCityUK response to IOSCO Consultation Report on Voluntary Carbon Markets

We welcome the opportunity to respond to the International Organisation of Securities Commission's (IOSCO) Consultation Report on Voluntary Carbon Markets (VCMs).

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Our latest sustainability news:

Blog

Sustainable finance data: carbon-pricing schemes and the price of carbon

TheCityUK comments on the Green Finance Institute's report, 'Assessing the materiality of nature-related financial risks for the UK'

TheCityUK response to the COP28 Agreement reached at the United Nations Climate Change Conference in Dubai

Comment

TheCityUK response to the sustainability disclosure and labelling regime confirmed by the FCA

Events:

TheCityUK National Conference 2024

Register for our 2024 event taking place in Birmingham. The conference will discuss how the financial and related professional services industry can address some of the challenges facing the country.

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