Posted: 24 Oct 2023 Resource Type: Research Report Download Back Achieving a net-zero emissions future will require a step-change in finance flows to sustainable investments, and new approaches to assessing and addressing climate risk. This requires significant and robust international cooperation and coordination. Yet as governments and industry have sought to deal with environmental, social and governance (ESG) challenges, the number of initiatives with different objectives and mandates has made developing a strategic approach to engagement difficult. The politicisation of the ESG debate has further compounded this. The result is a perceived misalignment of international bodies and initiatives leading to fragmented markets with multiple – and sometimes duplicative – frameworks. The City of London Corporation, in collaboration with Hogan Lovells, present this new report “Advancing Net Zero: The EU and UK in Climate Action Forums” which looks at the pivotal role international climate action forums play in shaping climate policies. This report seeks to examine how the European Union (EU) and United Kingdom (UK) could collaborate more effectively to ensure these forums operate to maximum effectiveness. Helping economies worldwide tackle climate challenges The Global City sustainable finance hub The Global City sustainable finance hub Stay in touch Sign up to hear more about the City of London Corporation's work on financial and professional services Sign up to hear more about the City of London Corporation's work on financial and professional services Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece How has the EU and UK relationship evolved in 2025? Dec 2025 - For his final blog of the year, Nick Collier looks back on EU/UK relations in 2025. How has the EU and UK relationship evolved in 2025? Thought Piece Sustainable Finance Innovation Wrapped Dec 2025 - Highlighting UK sustainable finance progress in 2025: convening the Transition Finance Council, advancing carbon markets and standards, and hosting NZDS. Sustainable Finance Innovation Wrapped Research Report Vision for Economic Growth: two years on Dec 2025 - Vision for Economic Growth set out nine big moves for government and industry in partnership. Our scorecard shows progress and next steps two years on. Vision for Economic Growth: two years on Multimedia Competitiveness benchmarking dashboard Nov 2025 - This interactive dashboard draws out seven key metrics to examine for the UK's offer in financial and professional services firms against those of other key international financial centres. Competitiveness benchmarking dashboard