COP26 | UK businesses given 2023 deadline to show plans for net zero

2023 is the date many big UK businesses and financial institutions will need to know, with the Treasury planning to impose climate change rules on them as the Government gears up for a low-carbon future.

In just over a year, most large firms will have to show detailed public plans for how they will move to a low-carbon future – in line with the UK's 2050 net-zero target, according to BBC reports.

Although these plans will be analysed by an independent body, to ensure it’s not just ‘greenwashing’ or PR, as this will not be mandatory there is kickback from green groups saying the proposals do not go far enough.

The pitch for this programme comes as Rishi Sunak takes to the stage on the third day of COP26 – with Greta Thunberg, Joe Biden and David Attenborough taking centre stage in the first few days – to outline his wish to make the UK the first net-zero financial centre.