Business leaders gather

Sturgeon joins City grandees in green finance pledge

Nicola Sturgeon FM at SCDI

Nicola Sturgeon wants a sustainable finance agenda (pic: Terry Murden)

First Minister Nicola Sturgeon and the Lord Mayor of London William Russell are spearheading a joint effort to grow the Scottish green finance sector.

On Tuesday they will co-chair a green finance roundtable in Edinburgh, bringing together prospective and current investors in the sector and prominent business leaders.

Representatives from organisations including Aberdeen Standard Investments, HSBC, JP Morgan and L&G Investment Management will discuss issues such as how to attract investment for green projects in Scotland and the role of government regulation.

Bank of England Governor Mark Carney, who has recently been appointed as the United Nations Special Envoy for Climate Action and Finance, will later address guests from business and sustainable investment at the second annual Burns Supper between the City of London and the Scottish Government.

The events are an important forum to progress the green finance agenda ahead of the United Nations’ climate change summit (COP26) being held in Glasgow in November.

The Scottish Government is committed to achieving a just transition to a green economy and has set a target of net zero emissions of all greenhouse gases by 2045. The City of London Corporation is also leading the agenda, having recently launched the new Green Finance Institute together with the UK Government.

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