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'Headline commitments are no longer enough': Why the Treasury is to require firms to develop net zero plans

Treasury's plan to mandate that 'certain' firms and financiers establish credible transition plans have been warmly be green campaigners and sustainable investment experts

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Transcripts for BBCNEWS BBC News 20211019 09:13:00

finance, private finance, in achieving those net zero aims. and the treasury says it is going to legislate to require financial institutions and companies to publish credible transition plans to net zero. how big a role that the private sector have, do you think, in achieving that? t private sector have, do you think, in achieving that? in achieving that? i think it has a hue role in achieving that? i think it has a huge role to in achieving that? i think it has a huge role to play. in achieving that? i think it has a huge role to play, but in achieving that? i think it has a huge role to play, but i - in achieving that? i think it has a huge role to play, but i think- in achieving that? i think it has a l huge role to play, but i think what gives it confidence is when it sees that the government itself is putting money into this. so, what we need to do is to see government money leverage more investment from the private sector. we ve got some of the architecture that we need for

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FSB Welcomes TCFD Status Report

<p><span>The Financial Stability Board (FSB) welcomed the publication today of the&nbsp;</span><a href="https://www.fsb.org/2021/10/2021-status-report-task-force-on-climate-related-financial-disclosures/">2021 status report</a><span>&nbsp;by the industry-led Task Force on Climate-related Financial Disclosures (TCFD), which reports on the further progress in TCFD-aligned disclosures by firms.</span></p>

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