The government, the Green Finance Institute, and 12 leading financial professional bodies, have launched the first green finance education charter, designed to embed green finance and sustainability into the core curricula, new qualifications, and the continued professional development of accountants
Under the charter, by the end of the year, financial services professional bodies must commit to engaging members on issues related to climate change and environmental issues, with the aim of raising their profile within each profession.
The professional bodies are required to curate, develop and promote relevant resources to members on green and sustainable finance, and to encourage the adoption of relevant global and national standards, frameworks and guidance.
On an ongoing basis they are asked to commit to identifying and promoting impactful and effective best practices in green and sustainable finance, and supporting national strategies.
The charter also requires signatories to collaborate with their domestic and international counterparts to enhance and promote the integration of green and sustainable finance into academic and professional programmes of education and training, and to work with the Green Finance Institute to engage employers and encourage commitment to and take up of green and sustainable finance programmes of initial and continuing professional development.
Charter signatories will report annually on progress in mainstreaming the principles and practice of green and sustainable finance.
John Glen, economic secretary to the Treasury, said: The finance sector has a vitally important role to play in combating climate change, and by ensuring those working in the industry get the right training, we can ensure green finance and sustainability is central to our work now and in the future.'
Helen Brand, chief executive, ACCA said: 'Working with related professions, accountants have a valuable and intrinsic part to play in delivering the Paris Agreement and the UN Sustainable Development Goals.
‘ACCA commits to continuing to ensure green finance is an integral part of our world class qualification and members’ CPD. Afterall, it’s through professional education that accountants and their membership bodies like ACCA can support the transition to a low-carbon world.'