Britain moves ahead with mandatory climate plans for companies

The taskforce will develop "rigorous and robust" measures to tackle greenwashing - inflated green credentials - and support companies to establish "investable and accountable" transition plans, the finance ministry said in a statement on Monday.(Filr ic - UK Finace Minister Rishi Sunak

LONDON:Britain unveiled a new taskforce on Monday to write rules forcing financial firms and listed companies to publish plans from next year for transitioning to a net zero economy by 2050.

Last November at the COP26 UN Climate Summit, British finance minister Rishi Sunak said companies would have to publish a plan from 2023 with targets to mitigate climate risk, interim goals between now and 2050 and measures to meet them.