Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans she has to evaluate the effectiveness of the Sustainable Finance Education Charter in building domestic capacity to develop transition-aligned financial products.

The Sustainable Finance Education Charter (the Charter) is a partnership between the government, the Green Finance Institute and thirteen leading global professional bodies, who consider how best to embed skill requirements for sustainability into their professional qualifications. The Charter group meet regularly and independently of government to better ensure that finance professionals are equipped to assess climate-related and wider environmental and social sustainability risks and apply their professional skills and judgements to innovate and address these.

The Charter signatories respond to the needs of the industry, and this includes the increasing importance of transition finance. One of the recommendations from the Transition Finance Market Review (TFMR) called on bodies from the Charter to produce a forward-looking plan for the development of transition plan assurance skills and methodologies. The Charter’s 2024 progress report sets out the details of how they are meeting this recommendation.