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UK Finance is a longstanding proponent of climate responsibility being brought into the mainstream of the management and supervision of banking and finance.
This is evidenced by our early support for the recommendations of the G20 Financial Stability Board Taskforce on Climate-related Financial Disclosures (TCFD) and steps being taken in the UK and internationally to create a statutory and regulatory framework in support of climate responsibility.
More broadly, we have advocated in favour of banking and finance firms defining their strategic purpose by reference to broader stakeholder perspectives, whether customers, employees or societal and environmental, taking environmental, social and governance (ESG) factors into account in their business decision-making.
We currently stand behind: