To bring green finance into the mainstream, finance professionals need to have the relevant knowledge, skills and attitudes to accurately assess climate-related risk and opportunities. The Green Finance Education Charter is a critical step towards this goal and should help incorporate sustainable finance principles and practice throughout the business, finance and professional services sectors.
Announced in the UK’s Green Finance Strategy in July 2019, the Green Finance Education Charter brings together many of the world’s leading professional bodies for the first time in a commitment to integrate green and sustainable finance principles into the education and training programmes of finance professionals worldwide.
The Charter also forms an important part of the UK Government’s ‘Pathway to COP26’, leading to the global climate summit in Glasgow, Scotland in November 2021.
The Green Finance Education Charter is designed as a mechanism to help build the capacity and capability of the green finance sector by:
Ensuring all financial services practitioners have the vital skills necessary to accurately assess climate-related risk and opportunities.
Engaging with the domestic and international community through advocacy and shared knowledge and best practice, and responding to the dynamic and rapidly evolving green finance space.
Which organisations are involved in the Green Finance Education Charter?
The signatories are global financial chartered and professional bodies. In the UK alone, they represent more than a million accountants, actuaries, bankers, financial analysts, treasurers, risk managers and other professionals whose work is fundamental to the greening of finance.
Signing the Green Finance Education Charter is a commitment to:
Engage members on climate change and environmental issues;
Curate, develop and promote relevant resources to members;
Encourage the adoption of relevant global and national standards, frameworks and guidance (PRI, PRB, PSI, TCFD);
Engage with policymakers, regulators, researchers and practitioners to identify and promote impactful and effective best practices in green and sustainable finance and support national strategies;
Collaborate with other signatories, as well as domestic and international counterparts, to enhance and promote the integration of green and sustainable finance into academic and professional programmes of education and training;
Work with the Green Finance Institute to engage employers and encourage commitment to and the take up of green and sustainable finance programmes of initial and continuing professional development; and
Report annually on progress in mainstreaming the principles and practice of green and sustainable finance.
Visit: https://www.greenfinanceinstitute.co.uk/green-finance-education-charter/
Source: Green Finance Institute