Financial Services Task Force

    About the Task Force

    The Financial Services Task Force (FSTF) is chaired by Noel Quinn, Group Chief Executive of HSBC. Its members are drawn from across the banking industry.

    Committed to change

    The financial services industry plays an important role in the transition to a net-zero economy. Recognising this, its member organisations are committed to mobilising finance, and working with customers to support their transition.

    The Task Force's work is focused on:

    • Accelerating investment and scaling infrastructure;

    • Climate solutions and natural capital;

    • Common principles to achieve net zero carbon emissions.

    News from the Financial Services Task Force

    Coalition of Banks Launch Guide to Industry Transition to Net Zero

    Read the full press release
    Download the FSTF Practitioners Guide

    The Role of Banks in Catalysing the Voluntary Carbon Markets

    Read the full press release
    Download the Carbon Credits paper

    The Financial Services Task Force Endorsement of FAST-Infra Sustainable Infrastructure Label

    Read the full press release

    Open letter of support – FAST-Infra label consultation

    22 July 2021: The Sustainable Markets Initiative's Financial Services Task Force announces its strategic partnership with a new scheme, developed by the ‘FAST-Infra’ initiative (Finance to Accelerate the Sustainable Transition): designed to help close the trillion-dollar sustainable infrastructure gap. It is a priority workstream within the Sustainable Markets Initiative's Financial Services Task Force (alongside the Task Force champions from the Asset Managers and Asset Owners and Insurance Task Forces).   

    Read the full letter

    Details regarding the consultation are available here

    Climate change is bigger than any institution or industry. In coming together, we recognise the critical role our organisations play in the fight against it. The Financial Services Task Force is committed to accelerating efforts within the banking sector, recognising its catalytic role across all industries, to move towards a net-zero economy.

    Noel Quinn, Chairman of the FSTF and Group Chief Executive of HSBC
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    Noel Quinn portrait

    Resources

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        Financing Coastal Nature-based Solutions

        This practitioner’s guide provides practical information to build the institutional capacity in, and understanding of, coastal nature-based solutions.
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        FSTF Practitioners Guide

        The Net Zero Practitioner’s Guide is meant to help the banking industry adopt a consistent and transparent approach to supporting clients’ transition to net zero.

        Task Force Members

        HSBC

        Noel Quinn

        Group Chief Executive
        Barclays

        C.S. Venkatakrishnan

        CEO
        BNP Paribas

        Jean-Laurent Bonnafé

        CEO
        J.P. Morgan Asset & Wealth Management

        Mary Erdoes

        CEO
        Lloyds Banking Group

        Charlie Nunn

        Group Chief Executive
        Macquarie Asset Management

        Mark Dooley

        Global Head of MAM Green Investments
        Natwest/ Coutts

        Paul Thwaite

        Group Chief Executive
        Standard Chartered Bank

        Bill Winters

        Group Chief Executive

        Further information

        For Task Force enquiries please contact:

        Email: info@sustainable-markets.org