Yesterday the government announced it was launching a Green Finance Strategy with the aim to increase investment in sustainable projects and infrastructure.
This was accompanied by the statement that there would be an expectation for limited companies to disclose how climate change impacts their work.
The government will explore the best way to do this and are yet to decide whether a mandatory disclosure of impacts is necessary
Whilst 70% of the UK’s banks admit climate change is a financial risk, currently, only 10% are taking long-term action. The aim, therefore, must be to utilise green finance to grow the economy whilst protecting the planet.
For the full government statement click here