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
Working Group 1: Credibility and Integrity members
- Vanessa Havard-Williams OBE, Chair, Transition Finance Market Review (Chair of Working Group 1)
- Cameron Bain, Director, Environmental Sustainability, IFM Investors
- Vicki Bakhshi, Director, Responsible Investment, Columbia Threadneedle
- Beth Burks, Director, Sustainable Finance, S&P Global
- David Carlin, Founder, D. A. Carlin and Company
- Anna Creed, Director of Environmental Impact & Thought Leadership, Climate Bonds Initiative
- Agnes Gourc, Head of Sustainable Capital Markets EMEA, BNP Paribas
- Alex Kennedy, Managing Director, Head of Sustainable Finance Solutions, Adaptation and Resilience, Standard Chartered Bank
- Steffen Kram, Managing Director, Global Sustainability Solutions, Santander Corporate & Investment Banking
- Gemma Lawrence-Pardew, Head of Sustainability, Loan Market Association
- Fabrizio Palmucci, Founder, Impactivise
- Ira Poensgen, Policy Fellow, CETEx, LSE Grantham Research Institute
- David Russell, Chair, Transition Pathway Initiative
- Daisy Streatfeild, Sustainability Director, Ninety One
- Tom Tayler, Head of International Sustainability Policy Advocacy, Aviva
- Simone Utermarck, Senior Director Sustainable Finance, International Capital Market Association
- Michael Wilkins, Executive Director, Professor of Practice, Centre for Climate Finance & Investment, Imperial College Business School
Working Group 2: Pathways, Policies and Governance members
- The Rt Hon Chris Skidmore OBE, Chair, Climate Action Coalition (Chair of Working Group 2)
- Sophie Brodie, Associate Director, Sustainable Investing, Fidelity International
- Declan Burke, Director of Strategy, SSE
- Will Farrell, Co-lead, Climate Change Stewardship and Engagement, Federated Hermes
- Bruno Gardner, Head of Climate Change and Nature, Phoenix Group
- Luke Hall, Head of External Affairs and Engagement, National Grid
- Mark Manning, Visiting Senior Fellow and Consultant, CETEx, LSE Grantham Research Institute
- Heather McKay, Programme Lead for UK Sustainable Finance, E3G
- Nick Molho, Head of Climate Policy, Aviva Investors
- Maria Nazarova-Doyle, Global Head of Sustainable Investment, IFM Investors
- Dr Carmen Nuzzo, Professor in Practice, Executive Director, Transition Pathway Initiative Centre, London School of Economics
- Dr Simon Randall, Partner Lead, Capital Project Delivery, Environmental Resources Management (ERM)
- Dr Tony Rooke, Executive Director, Head of Transition Advisory, Howden
- Rachel Solomon Williams, Executive Director, Aldersgate Group
- Kevin Treco, Head of Climate, Group Sustainable Business, Lloyds Banking Group
- Magali Van Coppenolle, Global Head of Policy, Climate Bonds Initiative
- Ved Walia, Head of Frameworks and Advisory, Group Sustainability, Barclays
Working Group 3: Scaling Transition Finance members
- Faith Ward, Chair, Institutional Investors Group on Climate Change (IIGCC), CRIO, Brunel Pension Partnership (Chair of Working Group 3)
- Clara Barby CBE, Senior Partner, Just Climate
- Annika Brouwer, Sustainability Specialist, Ninety One
- Ildiko Cseri, Head of Regional Treasury for Europe, Africa and Supply, Diageo Plc
- Claire Dorrian, Head of Sustainable Finance, Capital Markets and Post Trade, London Stock Exchange Group
- Mikael Down, Head of EMEA Sustainable Solutions, Morgan Stanley
- Jonathan Dunn, Head of Climate, Anglo American plc
- Rahul Ghosh, Managing Director, Global Head of Sustainable Finance, Moody’s Ratings
- Caroline Haas, Managing Director and Head of Climate and Sustainability, NatWest
- Daniel Kricheff, Senior Director, Sustainability Strategies Group, MetLife Investment Management
- Katie Lennon, Global Head of Strategy, Energy Transition, AXA XL
- Katharina Neureiter, Co-Lead, Global Sustainability, The Carlyle Group
- Anjuli Pandit, Managing Director, Head of Sustainable Debt Capital Markets EMEA & Americas, HSBC
- Anand Rajagopal, Sustainability Research Lead (Global Investment Research & Ratings), Phoenix Group
- James Roe, UK Equity Capital Markets Co-Lead, A&O Shearman
- Kathy Ryan, Chief Sustainability Officer, M&G plc
- Gareth Simmons, Executive Director for Responsible Investment, Fixed Income EMEA, Columbia Threadneedle
- Jeff Twentyman, Non-Executive Board Member, Green Finance Institute
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.