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UK-Norway Sustainable Finance Action Platform

The world has a special opportunity to reset the global climate change agenda in the lead up to the 26th United Nations Climate Change Conference of the Parties (COP26), to be held in Glasgow, Scotland, on 1-12 November, 2021. For this to happen, the world must be clear on its strategic objectives, the shifts that are needed, and within that, the critical role of Finance. The reset must be seen in the COVID context of rescue, recovery, and transformation, with strong emphasis on the overarching goal of sustainable, inclusive, and resilient growth. 

The UK–Norway Sustainable Finance Action Platform is a newly-formed collaborative initiative between the British Embassy in Oslo, and the local Networks of the United Nations Global Compact in the UK and Norway as co-organisers. The Platform is based on the five Action Tracks in the COP26 Finance Campaign objectives. Read more about the COP26 Campaign objectives here:

Benefits of being a part of the UK-Norway Sustainable Finance Action Platform:

Engage in a unique international collaboration between financial institutions from the UK and Norway:

  • Contribute to a key COP26 campaign and demonstrate leadership in the run up to, and during, the conference;
  • Establish public-private partnerships to scale finance and policy solutions;
  • Provide input to, and help shape, both new policy formulation and cross-industry business opportunities on sustainable finance;
  • Participate in a carefully designed and professional programme, including a series of workshops that will explore the regulatory framework and investment decisions that are needed to fuel the transition to a zero-emission economy and accelerate the green shift;
  • Learn from experts and peers and hear best practice examples on sustainable finance.

Five Action Tracks:

Action Tracks Final Update

We aim to bring green finance to the core of the financial sectors in both our countries and in British-Norwegian cooperation. This leadership initiative will highlight the opportunities in the green recovery and how, through closer collaboration in the financial sector, we can accelerate the green transition. By bringing together government ministers, senior policymakers, NGOs, and business and financial leaders from both the UK and Norway, the UK-Norway Sustainable Finance Action Platform will provide a valuable forum to share knowledge and best practice from the financial service industry in both countries.

The Platform will not only focus on solutions within the Action Tracks but will also look at what regulatory framework and investment decisions are needed to bring about a zero-emission economy. The contribution of all the financial actors will be highly valued and will strengthen the Platform more widely in the run up to COP26.

Platform Timeline:

Timeline Final Update

Participation:

Participants have the opportunity to choose which Action Tracks they would like to participate in. Each participating company/organisation is expected to nominate up to two individuals who will act as their representatives and main points of contact. If a company decides to participate in more than one Action Track, the company can assign two additional representatives for each Action Track. The representatives assigned on each Action Track must be the same for all workshops within the Action Track to ensure continuity.

Participation Fee:

TURNOVER PARTICIPANT SIGNATORY
per track all tracks per track all tracks
Over £25 million £1,300 £4,300 £2,600 £8,600
Under £25 million £500 £1,600 £1,100 £3,300

*To cover the costs associated with the work, we have set a participation fee that includes all activities building up to COP26.

Note: For companies/organisations situated in both the UK and Norway, participation can be registered in either country, based on the location of the company’s headquarters. The fee is inclusive of three workshops within each Action Track and the communication workshop.

For further information about the Action Platform contact:

Amy Collins, Climate Action Programme Manager
UN Global Compact Network UK
amy.collins@unglobalcompact.org.uk

Abhimanyu Manimaran, Project Manager – Sustainable Finance and Ocean Business
UN Global Compact Network Norway
abhimanyu.manimaran@globalcompact.no