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Five banks sign up to Bankers for Net Zero initiative

Published July 23, 2020

Five banks sign up to Bankers for Net Zero initiative

Five banks have announced their commitment to helping finance a green recovery and transition to net zero across the UK economy. 

The five – Barclays, Handelsbanken, Triodos, Ecology Building Society, and Tide – have committed to explore how the banking sector can help the net zero transition and work to ensure policy, regulation, and finance companies to support the transformation of key industries.  

Bankers for NetZero is run in partnership with the All Party Parliamentary Group (APPG) on Fair Business Banking, research and advisory firm Volans and Re:Pattern, a sustainable finance consultancy.  

The initiative is engaging with government, the Bank of England, the Financial Conduct Authority, and the Competition & Markets Authority. 

Bankers for NetZero’s first event was a webinar for parliamentarians, policymakers, banks, and businesses on retrofitting the built environment.  

The initiative intends to publish a white paper on how to accelerate the transition to net zero later this year.