Most UK financial firms to have green offering within a year but cost a 'critical' barrier

TLT research on UK green finance

Nearly every UK financial services firm is expected to have a ‘green’ offering within a year but cost is seen as a "critical" barrier, according to research by law firm TLT in partnership with FinTech Futures.

The survey of 119 senior figures in the sector revealed 39% have already launched green finance products while 53% are planning to do so in the next year, meaning 92% of the UK's financial services firms should have a green offering by 2023. The final 8% intend on rolling out a green product within the next 24 months. By 2024, all the firms that took part in the survey - which included banks, credit unions, investors, and asset managers - should have green financial products on top of their usual offerings. UK raises £6bn for green projects in second green gilt TLT highlighted that...