The Transition Finance Council

The Transition Finance Council was co-launched by the City of London Corporation and HM Government. The purpose of the Council is to drive forward the roadmap and recommendations set out in the Transition Finance Market Review and to establish the UK as the global hub for raising and deploying transition finance. 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.  

The Council includes representation from the financial and professional services sectors, real economy, government, regulators, standard setters, and civil society.  

The Council is led by Chair Lord Alok Sharma KCMG, and Deputy Chair Irem Yerdelen, Lead Member for Sustainable Finance at the City Corporation. 

The Transition Finance Council has three key functions: 

• Monitor and drive implementation of the TFMR’s recommendations;
• Support transition finance capacity building and engagement across a breadth of UK and international stakeholders, optimising and promoting the competitive position of the UK as a transition finance hub; and
• Convene working groups to progress priority areas in accordance with the Council’s objectives. 

Transition Finance Council Working Groups:

The Transition Finance Council operates three dedicated Working Groups led by members of the Strategic Steering Group. These working groups advance the Council’s objectives by delivering targeted outputs in the following focus areas:

1. Credibility and Integrity - Chaired by Vanessa Havard-Williams OBE, Chair of the Transition Finance Market Review
2. Pathways, Policies, and Governance - Chaired by The Rt Hon Chris Skidmore OBE, former UK Energy and Clean Growth Minister and leader of the Independent Review of Net Zero
3. Scaling Transition Finance - Chaired by Faith Waird, Institutional Investors Group on Climate Change (IIGCC) Chair and Chief RI Officer at Brunel Pension Partnership

The Council will publish half-yearly public progress reports.

To find out more please contact the Transition Finance Council secretariat at transitionfinancecouncil@cityoflondon.gov.uk.