LONDON – Britain unveiled a brand new taskforce on Monday to put in writing guidelines forcing monetary companies and listed corporations to publish plans from subsequent yr for transitioning to a web zero economic system by 2050.
Final November on the COP26 UN Local weather Summit, British finance minister Rishi Sunak stated corporations must publish a plan from 2023 with targets to mitigate local weather threat, interim targets between now and 2050 and measures to fulfill them.
It's a part of Britain’s dedication to make the UK the world’s first net-zero aligned monetary centre.
The taskforce will develop “rigorous and sturdy” measures to deal with greenwashing – inflated inexperienced credentials – and help corporations to determine “investable and accountable” transition plans, the finance ministry stated in an announcement on Monday.
“Stopping the worst impacts of local weather change will take all companies growing formidable, constant transition plans to get us to a low carbon future,” stated Amanda Blanc, CEO of insurer Aviva and co-chair of the brand new Transition Plan Taskforce.
It has a two-year mandate to arrange good practices for transition plans, together with a ‘sandbox’ to check the brand new plans.
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