SIF: Chuka Umunna warns of 'huge' funding gap for net zero

Former MP says divestment cannot be a single solution and banks must work together

Anna Fedorova
clock • 2 min read
Chuka Umunna speaks at Sustainable Investment Festival

Chuka Umunna speaks at Sustainable Investment Festival

Chuka Umunna has spoken out against the argument of divesting from coal as a “simple solution” to the climate crisis, arguing this tactic is “nonsense and will be counterproductive”.

Speaking at the Sustainable Investment Festival today (22 June), the former MP and now JP Morgan managing director and head of EMEA ESG noted there is a huge gap between the funding needed to help ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now


Already a Professional Pensions member?


More on Industry

Warning of early pension access implications

Warning of early pension access implications

Research found 13% of savers have accessed pension savings earlier than planned

Holly Roach
clock 10 August 2022 • 2 min read
Turner: "If professional trustees are simply shaking their heads and advocating sole trusteeship, they are not doing their job."

AMNT: 'Serious consequence' of relying on sole trustees

AMNT said schemes relying on sole trustees are ‘weakening protection for members’

Holly Roach
clock 10 August 2022 • 2 min read
Ball: "Everybody’s understanding is that we are not going to see massive changes to the code that the regulator published in draft."

A trustee checklist for...the single code of practice

Trustees have a lot to consider ahead of implementation, Martin Richmond writes

Martin Richmond
clock 09 August 2022 • 8 min read