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CBI’s response to the Glasgow financial alliance for net zero announcement – COP26.

Rain Newton-Smith, CBI Chief Economist, yesterday said:

“Business is upping its game at this critical moment, with a major increase in sustainable finance and new plans to scale the flow of capital to emerging economies. The establishment of the Sustainability Standards Board, as well as the Chancellor's announcement for firms to publish net zero transition plans, are steps in the right direction. 

“These need to be followed up with further action from policy makers to develop globally consistent climate and sustainability disclosure standards.”