Our 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 greening finance battleground
The battle for the soul of greening finance in the UK. Here’s why the financial risk-based approach to climate change is failing. A more proactive approach, including a beefed up National Wealth Fund could scale up green investment.
Climate litigation is an increasing risk for banks. And the majority of EU banks have a high dependency on at least one ecosystem service.
Climate risks, including litigation risks are making insurers shift. But, at the same time, Lloyds of London has abandoned its pledge to phase out insurance for fossil fuels.
98% of publicly listed companies lack credible climate transition plans.
Are the new guidelines for transition finance strong enough?
Banks and investors have poured hundreds of billions of dollars into companies linked to deforestation, labour rights violations and other bad practices.
Climate and nature degradation could cut UK GDP by 5% by 2030.
Here’s a new tracker for fossil fuel bonds.
The next financial crisis
Will the boom in the private credit market spark the next financial crisis? Here’s why the crypto crises are coming.
What are the government’s plans to handle the next financial crisis?
The UK finance lobby’s growing influence is threatening all our interests. The precedents for the Chancellor’s push to liberalise rules in finance do not augur well.
And also
The gender wealth gap is 21% in the UK and the gender pensions gap is more than double the gender pay gap.
How can the new Pensions Commission help deliver decent, secure retirements for all?
The global anti-financial crime system is broken.
How the international reserve currency system works – and are the dollar’s days numbered?
How economics teaching became the Aeroflot of ideas.
And finally
Renewables will be the world’s top energy source by 2026.