UK edges ahead in race to claim world’s greenest central bank

Green Bank of England pound sterling Alamy 5Mar21 575x375
By Jon Hay
04 Mar 2021

The UK’s monetary policy will officially be designed to fight climate change from now on, after chancellor of the exchequer Rishi Sunak changed the Bank of England’s mandate this week, delighting sustainable finance campaigners.

The move to support the UK’s drive to achieve net zero greenhouse gas emissions raises the possibility that fossil fuel-heavy companies might be excluded or underweighted in the Bank’s quantitative easing asset purchases — or at least that they may have to make certain disclosures or show that ...

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