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

'The window to solve the problem is fast closing'

Cristian Angeloni
clock • 2 min read

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

Speaking at the Sustainable Investment Festival on 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. 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 follow suit as well, he added, by targeting subsidies and tax breaks, whereas banks could face ...

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