Certain large businesses will need to set out their green credentials to potential investors under new reporting rules outlined by the chancellor today.
The new Sustainability Disclosure Requirements (SDR), which will also apply to pension schemes, investment products and asset managers and owners, will require every investment product to set out the environmental impact of the activities it finances and justify clearly any sustainability claims it makes.
Chancellor Rishi Sunak said: "We are already a world leader in green finance, and today's roadmap will give us the opportunity to set new global standards for sustainability that will boost the economy, protect the planet and support our net zero goals.
"We want sustainability to be a key component of investment decisions, and our plans will arm investors with the right information to make more environmentally-led decisions."
Specific reporting requirements, including scope, timing and detail, will be developed following public consultation.
Join The Caterer's Sustainability Summit this Thursday to hear from hospitality experts how the industry can work together to create a brighter future for our planet while maintaining profit margins.