UK task team to set rules on mandatory climate plans for companies

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It is part of Britain’s commitment to make the country the world’s first net-zero aligned financial centre

London — Britain unveiled a new task force on Monday to write rules forcing financial firms and listed companies to publish plans from next year for transitioning to a net zero economy by 2050.

“Preventing the worst impacts of climate change will take all businesses developing ambitious, consistent transition plans to get us to a low carbon future,” Amanda Blanc, CEO of insurer Aviva and co-chair of the new Transition Plan Taskforce, said. “First of all it’s not going to happen, and second it would be very destructive. Good for climate change, but I am afraid it would be bad for wars, revolutions and human rights because you would have havoc,” Winters said.

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