Chief Executive Officers from three of Britain’s best known responsible investors have recently written to the UK Prime Minister, Liz Truss regarding her net-zero policies. The Principles for Responsible Investment (PRI), the Institutional Investors Group on Climate Change (IIGCC), and UK Sustainable Investment and Finance Association (UKSIF) drafted a joint missive to the new PM, calling for policies that can transform the UK’s economy.
The letter urges Truss and the government to now focus on power sector decarbonisation, energy efficiency and renewable integration to address the continuing cost of living and energy security crises simultaneously.
Supported by many other prominent investment groups, the letter stated:
“We recognise the immediate priority to keep people and homes warm and bring fuel cost down…Scaling up clean energy solutions today will pave the path towards a more affordable, stable, and resilient energy system in the UK.”
The letter added that tackling the current climate crisis and avoiding its worst impacts were in both Britain’s economic and national interest, along with being a top priority for the UK’s citizens. However, to realise the social and economic benefits of this transition, the partnership stated that the government must provide investors with a clear view on policy actions and specific milestones to create the correct enabling environment for positive transformation of the UK’s economy.
UK companies and consumers interested in responsible investing advice can look to experts in portfolio management in Chester and other parts of the country. Wealth managers can build portfolios that contain assets that match an investors attitude towards the environment and personal ethics.
