Timeline of green finance developments

We break down the developments over the previous decade in the development of green finance so you have all the pieces of the puzzle in one place.

June 2021

30 June - HM Treasury and the DMO published the UK Government Green Financing Framework (UK Government Green Financing, Policy Paper). This document sets out the Government’s ambitious climate and environmental agenda and its vision for enhancing the UK’s leadership as the world’s pre-eminent green financial centre. The Framework also details how the proceeds from the Green Gilt and retail Green Savings Bonds will finance expenditures to help tackle climate change, biodiversity loss, and other environmental challenges, while creating green jobs across the UK.
4 June - The EU has launched a new Taxonomy Compass to assist users in identifying which activities are “taxonomy eligible activities” and the relevant technical criteria to meet. It is has been designed to be easily integrated into business databases. The Compass can be used in two ways: i) the “EU Taxonomy Compass” tab to access a matrix that displays the economic activities per environmental objective; and ii) the “Activities by sector” tab to check which economic activities for a given sector are considered taxonomy-relevant and view the technical screening criteria applicable to them

April 2021

The LMA, APLMA and LSTA published the Social Loan Principles, which creates a high-level framework of market standards and guidelines which provides a consistent methodology to apply across the Social Loan Market.
Net Zero Banking Alliance

January 2021

Prince of Wales launched the Terra Carta, a roadmap to 2030 for sustainable change for businesses

2021

Blackrock letter to CEOs from Larry Fink to endorse TCFD and SASB aligned reporting

November 2020

HM Treasury published an interim report to roll out mandatory disclosure requirements timeline.

May 2020

LMA publishes guidance on the GLP and SLLPs
Coalition for the Energy Efficiency of Buildings publishes report, backed by the Green Finance Institute
EU presents biodiversity strategy for 2030

March 2020

EU publishes its taxonomy

December 2019

EU Green Deal presented, including an action plan to boost the efficient use of resources by moving to a clean circular economy, restoring biodiversity and cut pollution

July 2019

UK government launches its Green Finance Strategy

April 2019

Bank of England/Prudential Regulation Authority published its supervisory statement, enhancing banks’ and insurers’ approaches to managing the financial risks from climate change

December 2018

LMA publishes Green Loan Principles and Sustainability Linked Loan Principles

June 2017

Task Force for Climate-related Financial Disclosures published its final recommendations including its report, an implementation annex and technical supplement.

2016

Paris (UNFCC Climate) Agreement ratified

2011

UN publishes guiding principles on business and human rights

As we think about the future of the loan market, green finance provides all the tools for change. The transition to an innovative and low carbon economy with green initiatives.

We have also been working with other organisations to develop green finance, including the Chancery Lane Project, the Legal Sustainability Alliance and the Green Finance Institute.

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