SIF 2023: Net-zero transition plans 'biggest opportunity for greenwashing ever'

Credibility issues

Transition plans to meet net-zero targets have posed the “biggest opportunity for greenwashing, ever”, warned Ben Caldecott, director at Oxford Sustainable Finance Group.

Speaking at Investment Week's Sustainable Investment Festival today (15 June), Caldecott said when Rishi Sunak announced the UK would become the first country to require transition plan disclosure at COP26 in Glasgow, much of that commitment applied to companies and financial institutions. SIF 2023: SFDR has 'changed thinking' around private capital investment He explained this would likely result in public financial institutions tying the provision of concessional finance and other financing facilities to the "availability of evidence of a progression". Governments are likely to f...