The Transition Finance Council was co-launched by the UK Government and the City of London Corporation. The Council’s aim is to leverage the UK’s existing strengths to become the best place in the world to credibly raise transition capital, invest, and obtain financial and professional services in support of UK and global net zero ambitions.
Transition Finance Council leadership
- Chair: The Rt Hon Lord Alok Sharma KCMG
- Deputy Chair: Councillor Irem Yerdelen, Lead Member for Sustainable Finance, City of London Corporation
Sponsor Ministers
- Emma Reynolds MP, Economic Secretary to the Treasury
- Sarah Jones MP, Minister of State (Minister for Industry)
Governance
The Transition Finance Council includes representation from the financial and professional services sectors, real economy, government, regulators, standard setters, and civil society. Council membership is comprised of three different levels:
- Strategic Steering Group: comprised of senior industry leaders; supports the Chair and Deputy Chair in overseeing the Council’s strategic agenda.
- Working Group members: comprised of subject matter experts and transition finance practitioners; responsible for delivering the Working Group outputs.
- Associate members: comprised of a range of different organisations who will provide input on priority issues and further the reach of the Council.
Strategic Steering Group members
- Danny Alexander, CEO, HSBC Infrastructure Finance
- Mani Atwal, CFO, Associated British Ports
- Clara Barby CBE, Senior Partner, Just Climate
- Emmanuelle Bury, UK Country Head, BNP Paribas
- Vanessa Havard-Williams OBE, Chair, Transition Finance Market Review
- Dame Julia Hoggett DBE, CEO, London Stock Exchange
- Kate Levick, Founding Director, International Transition Plan Network
- Katie Murray, Group CFO, NatWest
- Rain Newton-Smith, CEO, CBI
- Alistair Phillips-Davies CBE, CEO, SSE
- The Rt Hon Chris Skidmore, Chair, Climate Action Coalition
- Mark Versey, CEO, Aviva Investors
- Faith Ward, Chair, Institutional Investors Group on Climate Change (IIGCC), CRIO, Brunel Pension Partnership
Strategic Steering Group observers
- David Bailey, Executive Director, Prudential Policy, Prudential Regulation Authority
- Joel Kenrick, Deputy Director, Head of Policy, National Wealth Fund
- Richard Knox, Director, Financial Services, HM Treasury
- Ryan McLaughlin, Director, Net Zero Strategy, Department for Energy Security and Net Zero
- Sacha Sadan, Director, Sustainable Finance, Financial Conduct Authority
The Council will operate for an initial term of 12 months, with the Terms of Reference reviewed after this time.
Download the Terms of Reference.