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UK Unveils Disclosure Framework for Net Zero Transition Plans

ESG Today

According to TPT Co-Chair and Aviva Group CEO Amanda Blanc, the new disclosure framework is being introduced as companies increasingly announce net zero commitments, but many have yet to publish plans to support their targets, with plans that have been disclosed varying in quality, consistency and level of detail.

Net Zero 103
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UK to “Consult” on Requirement for Companies to Disclose Climate Transition Plans

ESG Today

The commitment was announced today with the introduction of an updated Green Finance Strategy by Chancellor of the Exchequer Jeremy Hunt, part of the government’s launch today of its “Powering Up Britain” plan outlining initiatives to achieve the UK’s energy security and net zero objectives.

Net Zero 104
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Let the Climate Finance Flow

Chris Hall

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions.

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An Increasing Sense of Urgency

Chris Hall

Suga’s pledge was followed up at COP26 last November when current Prime Minister Fumio Kishida promised US$10 billion over the next five years to support Asia’s migration from fossil-fuel-fired to zero-emission thermal power, such as ammonia and hydrogen. Significant progress.

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Filling Canada’s Policy Void

Chris Hall

In May more than 85 investment firms, academic organisations, and environmental groups from across the world including Environmental Defence, which represent nearly three million members, sent a letter to the Canadian administration demanding it “step up and pass policies that align the financial sector with climate action”.