Who’s excited about the general election? The City’s ESG experts, that’s who.
They say a regime change offers the opportunity to “reset” the UK’s green agenda after much backtracking under Rishi Sunak’s administration.
Seb Beloe, partner and head of research at WHEB Asset Management, told Financial News, he questions whether any of the major parties are fully up to the task of tackling climate change.
“[But] it is clear that Labour sees the future competitiveness of the UK as inextricably linked to the net zero agenda.
“This alone makes the prospect of a Labour government enormously more appealing than a continuation of the previous Conservative administration.”
Matthew Evans, UK sustainable equities portfolio manager at Ninety One, said: “[We want] a consistent approach and one that will not be ever changing. The word ‘stability’ is being used a lot, but it is so important to encourage long term investment.”
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ESG and careers correspondent -Financial News
3wUpdate: HL says it has now received a £5.4bn takeover proposal from the consortium that it would be willing to recommend to shareholders if a formal offer were made. Consortium now has until 19 July to make a formal offer or walk. https://www.fnlondon.com/articles/hargreaves-lansdown-gets-new-5-4bn-takeover-proposal-from-cvc-consortium-3ead562f?mod=homepage