Greening Finance: A Roadmap to Sustainable Investing
This document sets out the government바카라 사이트s ambition to make the UK the best place in the world for green and sustainable investment. It focuses on the first step to deliver this: ensuring that the information exists to enable every financial decision to factor in climate change and the environment.
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바카라 사이트Greening Finance: A Roadmap to Sustainable Investing바카라 사이트 sets out the government바카라 사이트s long-term ambition to green the financial system and align it with the UK바카라 사이트s world-leading net-zero commitment. This will happen in three phases:
- Informing 바카라 사이트 ensuring decision-useful information on sustainability is available to financial market decision-makers
- Acting 바카라 사이트 mainstreaming this information into business and financial decisions
- Shifting 바카라 사이트 financial flows across the economy shifting to align with a net-zero and nature-positive economy
This document focuses on the first phase, which will be delivered through new economy-wide Sustainability Disclosure Requirements. It sets out implementation pathways for different sectors of the economy and provides more detail on the requirements, including that they will be:
- Integrated 바카라 사이트 investment products, financial services firms, and real economy corporates will be required to report consistent information on sustainability.
- Streamlined 바카라 사이트 the regime will streamline existing disclosure requirements 바카라 사이트 such as the UK바카라 사이트s commitment to make reporting aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) mandatory 바카라 사이트 with new requirements, including on reporting environmental impact.
- Consumer-focused 바카라 사이트 investment products will need to set out consumer-focused disclosures showing the impact, risks and opportunities of the activities they finance on sustainability. This will be accompanied by a consumer-facing label developed by the FCA so that consumers can make informed investment decisions that take sustainability into account.
- Credible 바카라 사이트 asset managers, asset owners and investment products will be required to substantiate sustainability claims they make.
- Robust 바카라 사이트 disclosure requirements will include reporting under the UK Green Taxonomy, which will provide a robust list of economic activities that count as environmentally sustainable.
- In line with international standards 바카라 사이트 the UK is a strong advocate for international standards for sustainability reporting, and is preparing the ground to adopt international standards in this area (subject to consultation).
Of course, this information will only be impactful if it is actually used by investors. The document calls the pensions and investment sectors to action, outlining the government바카라 사이트s expectations that they will use the information generated to help shift their financial flows to align with a net-zero, nature-positive economy.
Lastly, the document highlights how the UK is leading international efforts to bring about global and systemic change in the financial system, including through the UK바카라 사이트s G7 presidency and by rallying the international community ahead of COP26.