Give financial regulators 'secondary' net zero mandate to facilitate transition, government urged

Cecilia Keating
clock • 4 min read
Give financial regulators 'secondary' net zero mandate to facilitate transition, government urged

Financial regulators have major role to play in reducing the hit climate change and nature loss land on the economy, new Aldersgate Group report warns

Banks and insurers could face hundreds of billions of pounds in losses by 2050 if regulators are not given a stronger legal requirement to support and enable the mainstreaming of climate and nature action...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

FCA moves to simplify UK climate risk reporting for investment funds

FCA moves to simplify UK climate risk reporting for investment funds

UK's Financial Conduct Authority launches consultation over changes to climate risk reporting rules it estimates could save the investment management sector £20m a year

Robin Amos, Investment Week
clock 05 June 2026 • 2 min read
Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Pension fund manager cites 'limited transparency' around Nestlé's climate plans among several concerns as it revealed it divested its entire holding in the Swiss firm in late 2025

Holly Roach, Professional Pensions
clock 05 June 2026 • 2 min read
BSI launches net zero transition planning framework for banks and financial institutions

BSI launches net zero transition planning framework for banks and financial institutions

ISO 32212 to provides banks, insurers, asset managers, and asset owners with guidance on how to translate climate ambition into action

Stuart Stone
clock 04 June 2026 • 3 min read