UK Rolls Out Group To Set Climate Rules For Financial Firms

By Irene Madongo (April 25, 2022, 3:38 PM BST) -- The government formally launched a task force on Monday to develop a gold standard for British financial services that companies must use as they move toward net-zero carbon emissions by 2050.

The task force will be led jointly by John Glen, economic secretary to the Treasury, and Amanda Blanc, chief executive of Aviva. The group, which is backed by a steering group of private and public sector leaders, also aims to develop "rigorous and robust" measures to tackle "greenwashing" — companies inflating their green credentials — HM Treasury said.

It will also help financial service firms and businesses listed on the London stock...

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