UK
March 21, 2023
UK financial regulator demands improvements on ESG benchmarks
The FCA has told benchmark administrators that they are failing to correctly implement ESG benchmarks’ methodologies. The Financial Conduct Authority has written to ESG benchmark...
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March 20, 2023
Policymakers tackle permitting bottlenecks in wind
Governments and policymakers in the UK and Europe have heeded the wind industry’s calls to reduce permitting bottlenecks, yet concerns persist over grid connections and...
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March 20, 2023
BoE to assess changes for capital frameworks on climate risk
The Bank of England will carry out more work on climate change and regulatory capital frameworks for banks and insurers. The Bank of England is...
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March 17, 2023
Will nuclear’s entry into UK taxonomy spur ESG fund investment?
The chancellor’s announcement that nuclear power will now be classified as “environmentally sustainable” could pave the way for some investment funds with an ESG focus...
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March 14, 2023
UK to expand decarbonisation requirements for combustion power plants
The UK government plans to remove the 300MW threshold to include smaller plants, extending "decarbonisation readiness" requirement to all but the specifically exempt. The UK...
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March 9, 2023
What could the EU’s CBAM mean for emerging markets?
The EU mechanism to reduce carbon emissions related to imports could cause issues for developing countries, experts warn. The carbon border adjustment mechanism (CBAM), which...
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March 8, 2023
Female participation in UK finance more than 30% down since 1997
New report highlights women's persistent challenges in reaching senior positions and mirrors the findings of similar research across Europe. Analysis from the London Stock Exchange and the Centre for Economics...
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March 7, 2023
UK CBAM could lift domestic industry steel orders by £500mn, says campaign group
A carbon border adjustment mechanism could help to increase demand for UK-produced steel, according to research by campaigner CleanTrade. Construction industry orders of UK-made steel could increase by £500mn every...
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UK climate minister slammed for backing new oil and gas licences
Minister for energy security and net zero tells Conservative meeting that granting new fossil fuel licences is not against the UK’s net zero commitments, and the North Sea has a...
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March 2, 2023
UK competition watchdog likely to accept sustainability agreements following guidance
The Competition and Markets Authority has published its guidelines on collaborative sustainability deals between companies, and opened it up to consultation. The UK’s Competition and Markets Authority said on February...
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March 1, 2023
UK government launches social task force for pensions industry
The task force will look to identify reliable data sources to help schemes navigate “social risks and opportunities”. A new task force has been set up in the UK to...
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