The Transition Finance Council (TFC) was co-launched by the City of London Corporation and HM Government in February 2025. The purpose of the Council is to drive forward the roadmap and recommendations set out in the Transition Finance Market Review and to establish the UK as the global hub for raising and deploying transition finance.
The Council’s aim is to leverage the UK’s existing strengths to become the best place in the world to credibly raise transition capital, invest, and obtain financial and professional services in support of UK and global net zero ambitions.
The Council includes representation from the financial and professional services sectors, real economy, government, regulators, standard setters, and civil society.
The Council is led by Chair the Rt Hon. Lord Alok Sharma KCMG, and Deputy Chair Irem Yerdelen, Lead Member for Sustainable Finance at the City Corporation.
Why the Transition Finance Council matters
Mobilising finance for the transition requires greater clarity around what credible transition looks like.
The Transition Finance Market Review found that 83% of respondents to its Call for Evidence agreed there was a lack of clarity around the scope of transition finance. This can make it harder for capital to flow to high-emitting sectors where investment can support industrial transformation and emissions reduction.
The TFC is helping address this challenge by providing practical guidance for assessing credible transition and supporting greater confidence in transition finance.