Rishi Sunak: UK to issue first green bond and require firms to disclose climate risk

Chancellor unveils raft of green finance plans

clock
Chancellor Rishi Sunak. Photo: Pippa Fowles/No 10 Downing Street/Flickr CC BY-NC-ND 2.0
Image:

Chancellor Rishi Sunak. Photo: Pippa Fowles/No 10 Downing Street/Flickr CC BY-NC-ND 2.0

The government plans to cement the UK's position as a global centre for green finance received a significant boost yesterday (9 November), with the Chancellor Rishi Sunak unveiling proposals to issue the country's first sovereign green bond next year and make climate risk disclosure mandatory for major companies from 2025.

In a statement to Parliament yesterday, Sunak said the government would issue the UK's first Sovereign Green Bond in 2021, subject to market conditions. He also promised that the initial bond would be followed by a series of further issuances designed to meet growing investor demand for green bond instruments. "This will be the first in a series of new issuances as we look to build out a green curve over the coming years, helping to fund projects to help tackle climate change, finance much needed infrastructure and investment and create green jobs across this country," said Sunak. ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Four graphs explaining... fixed income

Four graphs explaining... fixed income

Four experts write

Investment Week
clock 08 August 2022 • 3 min read
Arthur Lau of PineBridge Investments

Asia Fixed Income: on a firm foundation

US interest rates little impact

Arthur Lau
clock 20 July 2022 • 3 min read
Mark Holman, portfolio manager at TwentyFour Asset Management

TwentyFour's Holman: How to prep your bond portfolio for recession

The first half of 2022 was one of the most painful periods in living memory for financial markets.

Mark Holman
clock 19 July 2022 • 4 min read
Trustpilot