Changing Finance: new this month
A monthly round-up of news, ideas and initiatives related to transforming the UK financial system for people and planet, compiled by the Lab’s CEO Jesse Griffiths.
The dirty City…
London boasts half of Russian money laundering. 80% of financial services professionals don’t think their firms are committed to ethical finance. Financial scam compensation set to top $1bn.
…and the ethical one
Customers want banks with good social and environmental impacts.
The Church tries to improve diversity in investment.
Climate and human rights
The French Central Bank dumps coal, limits oil and gas investments. MPs tell the Bank of England to align its bond portfolio to climate commitments. Green bonds are on the up. Blackrock is still addicted to fossil fuels and investing in coal. Is Carney wrong on climate?
Why human rights and environmental due diligence should be mandatory for banks.
What’s next for regulation?
British steel pensions scandal shows FCA ‘not fit for purpose’ say MPs.
In other news
The Scottish National Investment Bank is launched.
The Lab launches a new strategy!
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