In his banquet speech last night, the new Lord Mayor called for a re-established social contract between financial institutions and the society they serve.
He suggested that the contract recognise “on the one hand that the UK benefits from financial services, and on the other that we need to do whatever it takes to serve the interests of the individual as well as those of the wider economy”.
The Lord Mayor’s speech also identified that climate change “may be an even greater threat” than the economic crisis. He called for the City to consider, post Copenhagen, how it can build on its leadership in sustainable finance to “do yet more to bring our expertise to bear on building sustainable solutions.”
If this is an early indication, we can expect much from the new Lord Mayor's year in office.
Tuesday, November 17, 2009
Tuesday, November 10, 2009
We’ll be back after National Ethical Investment Week!
The UKSIF team are rather busy this week, co-ordinating the second National Ethical Investment Week to spread the word about green and ethical investing to consumers, financial advisers and charities.
Our research has found that half of Britons with savings and investments would like to make money and make a difference. We are flagging up that today’s green and ethical investments are a great way to do this – particularly in the run-up to the Copenhagen summit.
For example, we are offering financial advisers “Summit to think about” at Money Marketing Online.
But, as a result, we won’t be posting any more to this blog until the week is over.
Have a happy National Ethical Investment Week 2009.
Our research has found that half of Britons with savings and investments would like to make money and make a difference. We are flagging up that today’s green and ethical investments are a great way to do this – particularly in the run-up to the Copenhagen summit.
For example, we are offering financial advisers “Summit to think about” at Money Marketing Online.
But, as a result, we won’t be posting any more to this blog until the week is over.
Have a happy National Ethical Investment Week 2009.
Global Centre Report: A Missed Opportunity for Green Leadership?
Yesterday saw the launch of “Asset management: the UK as a global centre”, a report produced under the joint chairmanship of the Chancellor of the Exchequer and the Chair of the UK’s Investment Management Association.
There is a major missed opportunity in the report. This can be summed up in three words - “carbon”, “climate” and “green”. I searched the PDF for all of them. Each returned “No matches were found”.
So, within a month of the Copenhagen Summit, this significant report on future UK leadership in asset management doesn’t even mention the challenge of redirecting capital towards low carbon industrial and social transformation.
Welcoming the report, Financial Services Secretary Paul Myners said he looked forward to “… the prospect of on-going engagement with the industry on .. the role of markets in society and ethical and moral dimensions to investment”. Lets hope he addresses this!
There is a major missed opportunity in the report. This can be summed up in three words - “carbon”, “climate” and “green”. I searched the PDF for all of them. Each returned “No matches were found”.
So, within a month of the Copenhagen Summit, this significant report on future UK leadership in asset management doesn’t even mention the challenge of redirecting capital towards low carbon industrial and social transformation.
Welcoming the report, Financial Services Secretary Paul Myners said he looked forward to “… the prospect of on-going engagement with the industry on .. the role of markets in society and ethical and moral dimensions to investment”. Lets hope he addresses this!
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