IA calls for further action on climate change

Seven industry commitments and three asks of government

The Investment Association (IA) has called for further action from the UK in its efforts to tackle climate change and has committed the industry to continued change.

In its Climate Change Position Paper, published today (16 November) the IA asked the UK Government to make it a legal requirement for "all large UK incorporated companies (public and private)" to report in line with the Task Force on Climate-related Financial Disclosures (TCFD). One-third of asset managers not engaging on climate change despite three-quarters claiming to It also asked the government to "make good" on its intention to issue its first sovereign green bond, announced by Rishi Sunak last week, and to "facilitate sector-specific pathways to transition" to ensure "the requi...