RFI - In the Know
The Future of ESG in the UK Financial Services Sector
Hear from Insights Manager, Austin Laylee as he discusses the latest ESG trends in the financial services sector.
ESG – environmental, social, and governance.
Finding solutions to climate change has become a staple topic of conversation across all corners of society. The UK government’s implementation of its target to fully decarbonise the economy by 2050 has prompted sectors across the country to assess the ways in which they can alter their practices to become more climate-friendly and sustainable.
The financial services sector is no different, with banks and investors joining the trend of exploring innovative solutions to tackle these pressing environmental, social and governance (ESG) issues. They have aimed to provide products and services that promote and prioritise sustainable objectives. This can range from sustainable funds that use ESG criteria to assess the social and environmental impact of investments, to sustainable bonds that enable capital-raising for projects targeting sustainable development and environmental and social objectives.