The Gov’t should “show global leadership on sustainable investment and finance”, UKSIF



The UKSIF will Call On All Stakeholders To Ensure British Leadership in Sustainable Investment and Finance

The UKSIF will Call On All Stakeholders To Ensure British Leadership in Sustainable Investment and Finance

The UK Sustainable Investment and Finance association (UKSIF) will urge the wider financial industry, the government and pension funds to make financial sector skills in sustainability a tactical national asset in the parliament today.

The trade body will say that the UK financial markets are at a unique ‘crossroads’ since the new Kay Review into British equity markets was ordered by Business Secretary Vince Cable last month and the future replacement of the market regulator FSA.

The UKSIF will call upon the policy makers and financial institutions to explore deeper possibilities in environmental, social and corporate governance issues if London wishes to retain its pre-eminent position as a leading financial centre.

The trade body will make the call today at an event in parliament to celebrate the UKSIF’s 20 years as the voice of progressive financial and investment services in the country.

Releasing a report at the event titled “Taking Responsibility: Achieving Resilience”, the industry body will call on the UK to show global leadership in sustainable investment and finance in the next 20 years.

“In the last 20 years UKSIF has played a key role in moving sustainable investment and finance from the margins to the mainstream. Today, over £900bn is managed responsibly in the UK, and the UK is widely recognised as a global hub for the sector”, said Penny Shepherd MBE, UKSIF chief executive.

“Over the next 20 years, sustainable investment and finance are set to become fundamental to good returns as the world faces up to the challenge of moving to a resilient and resource efficient society. By 2031, we will be facing the “perfect storm” of rising demand for food and resources while mitigating and adapting to climate change. The UK must grasp the nettle and show global leadership on sustainable investment and finance if it is to help calm the storm and stay ahead
of the competition”, she added.

Emphasising on a collective approach, UKSIF chair Martin Clarke said: “Over the next 20 years, sustainable investment and finance are set to become fundamental to good returns as the world faces up to the challenge of moving to a resilient and resource efficient society. By 2031, we will be facing the “perfect storm” of rising demand for food and resources while mitigating and adapting to climate change. The UK must grasp the nettle and show global leadership on sustainable investment and finance if it is to help calm the storm and stay ahead
of the competition”.

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