The City of London Corporation responds to the UK Government’s Green Finance Strategy

Policy Chairman at the City of London Corporation, Chris Hayward, said:

“The transition to net-zero offers the UK economy huge opportunities. The strategy outlined will help position the UK at the forefront of international innovation and trade, and drive action.

“The City of London is already rising above other cities when it comes to sustainability. We welcome the consultation on bringing ESG rating providers into the regulatory purview, and the commitment to set up a framework to assess ISSB standards for their suitability for adoption in the UK.

"Mobilising private sector investment into the green economy, supporting carbon intensive sectors to transition and providing clarity around disclosures and ratings, will help give firms the confidence to press ahead with their net-zero plans. The attention must now turn to ensuring delivery.”