UK. Advisers could be forced to ask about sustainability
I am writing this piece from the relative comfort of an Avanti train, heading home from Glasgow having recharged my batteries somewhat by listening to some great presentations at COP26.
Although I could have seen more of the major announcements had I watched it online, the experience of ‘being there’ was quite something.
I particularly enjoyed getting the sense that there are so many of us working on different aspects of the sustainability puzzle.
An event organised by Make My Money Matter – a campaign group set up by film director Richard Curtis – co-hosted by Aviva, Triodos Bank and the WWF reminded me of the low awareness most people have about financial matters.
And a Lombard Odier event illustrated how far advanced some institutions are. Their session on scaling nature-based solutions – made all the more interesting by Prince Charles popping in as part of his Terra Carta initiative – was a million miles away from the literature intermediaries generally receive.
Put together, however, they highlight the challenges the Financial Conduct Authority faces regulating sustainable investment.
The FCA (alongside the Prudential Regulation Authority, the Department for Work and Pensions and others) is now tasked with helping to address climate change.
Read more @FT Adviser
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