April 2023

Nitika Agarwal, from WWF, and Paddy Arber, from Aviva, discussed an additional “climate and nature” objective in the FSMB, which would influence financial regulators’ policymaking, supervision and guidance, potentially transforming the financial services industry and the broader economy. A weaker “net zero” regulatory objective appears in the Bill as it currently stands. However, WWF, Aviva, and their partners believe a climate and nature regulatory principle must feature to ensure the transition to a greener economy.

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