IIGC responds to UK’s green finance strategy

The Institutional Investors Group on Climate Change (IIGCC), an investor coalition has submitted a response to the UK government’s green finance strategy which was published by the Department for Business, Energy and Industrial Strategy in May 2022. The IIGC response highlights a set of factors that the investor coalition says are critical to UK becoming a global hub for green finance. These factors include a science-based definition of net-zero strategies, a supportive policy environment, addressing policy barriers such as clarity over reporting requirements and a policy apparatus that supports financial innovation while protecting consumers and investors. The IIGC response, was developed in consultation with its membership with a combined assets-under-management €51tn although the IIGC statement says that it “does not necessarily represent the views of the entire membership”.