The APPG held a roundtable discussion with climate experts and members of the advisory board the day after COP27 concluded in Sharm El-Sheikh. While the conference fell well short of the high watermark set by COP26 in Glasgow, the deal made between national governments calling for a “transformation” of the financial system was a positive indicator that successive COPs are important drivers of green finance and embedding ESG principles.
The APPG held a roundtable discussion with the Financial Conduct Authority on October 25th to discuss the need for regulatory intervention in the ESG market to increase transparency and trust. The FCA released a consultation on Sustainability Disclosure Requirements and investment labels on the same day, which was discussed at the meeting.
Expert representatives from the Green Finance Institute came to speak to the APPG on ESG to discuss the imminent release of the UK’s green taxonomy, and how the UK can learn from the European Union and other countries about what makes a green taxonomy successful.
The Financial Reporting Council’s Executive Director of Regulatory Standards, Mark Babington, spoke to the APPG on ESG on the role of regulators in supporting a cleaner, greener, and more socially responsible economy, and driving higher standards of corporate governance in financial services.
The APPG on ESG were joined by Nick Bonsall, Chair of the IRSG ESG ratings workstream, and Peter Beardshaw, Managing Director at Accenture, European & UK Sustainability Services Lead to discuss the findings of the City of London’s International Regulatory Strategy Group’ recent report on ESG Ratings and ESG Data in Financial Service.
The APPG on ESG were joined by leading environmental think tank, E3G, for a politically-focused discussion that looked at the ‘landscape of green finance regulation’ within the context of net zero, examined green finance regulation in the UK and questioned where we could improve.
Minutes of the APPG on ESG’s Annual General Meeting, Wednesday, 9 March 2022, 11.00am.
The APPG on ESG were joined by the Independent Anti-Slavery Comissioner, Dame Sara Thornton, and vice chair Gareth Davies MP, to examine how ESG-focussed legislation can help dismantle modern slavery within business supply chains and financial investments.
The APPG on ESG roundtable discussion explored whether a Social Taxonomy and advisory group, in addition to the UK’s Green Taxonomy, would be a valuable regulatory addition, allowing more transparency for companies and investors on the social impact and performance of their operations and investments.
Chaired by Alexander Stafford MP, the APPG on ESG held a roundtable discussion exploring what ESG impact means from the point of view of a range of sectors and industries. The discussion expanded on how this translates to materiality in reporting and also covered retrofitting buildings, EU and UK taxonomies, impact investing, and the COP26 summit.