By Harrison Folland

HM Treasury has announced that the UK has joined the International Platform on Sustainable Finance (“IPSF”).

The IPSF is a forum for the bodies responsible for the development of environmentally sustainable finance policies, such as central banks, regulatory authorities and ministries of finance.

The aim of all members of the IPSF is to:

• Exchange and disseminate information to promote best practices in environmentally sustainable finance.
• Compare the different initiatives and identify barriers and opportunities to help scale up environmentally sustainable finance internationally.
• While respecting national and regional contexts, enhance international coordination where appropriate on environmentally sustainable finance issues. 

The IPSF was launched in October 2019 and includes members from China, Hong Kong, Japan, Singapore, Switzerland and the EU.

A copy of the Joint Statement on the International Platform on Sustainable Finance signed by the Chancellor of the Exchequer, Rishi Sunak, can be found here.