--- title: TheCityUK Calls for Boost to Sustainable Digital Finance description: UK policymakers should ensure ESG is considered in new fintech legislative and regulatory initiatives. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/realizing-fintech-potential-May-12-2022-09-28-03-14-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Regulation](https://articles.marketsmedia.com/tag/regulation) - Regulation - TheCityUK Calls for Boost to Sustainable Digital Finance Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 10.26.2021 By Shanny Basar Regulation # TheCityUK Calls for Boost to Sustainable Digital Finance 10.26.2021 By Shanny Basar ![TheCityUK Calls for Boost to Sustainable Digital Finance](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/realizing-fintech-potential-May-12-2022-09-28-03-14-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) The deployment of new technology has the potential to help make progress towards sustainability goals, but all too often, governmental and regulatory approaches to Environmental, Social and Corporate governance (ESG) issues and technological innovation are not integrated and work in silos, according to a new industry-led report. A new joint report '[Sustainable Digital Finance: how technology can accelerate the transition to a sustainable economy'](https://www.thecityuk.com/assets/2021/Reports/cafd44f227/Sustainable-Digital-Finance-How-technology-can-accelerate-the-transition-to-a-sustainable-economy.pdf), published today by TheCityUK and law firm Clifford Chance, calls for UK policymakers to ensure ESG issues are considered in all new fintech legislative and regulatory initiatives to mitigate risks and avoid unintended adoption barriers. https://twitter.com/Clifford\_Chance/status/1452658196993171462 It suggests the UK government can boost its global leadership in this area by ensuring a better balance is struck between setting robust ESG standards and fostering financial innovation. Similarly, the report calls for the UK government to encourage international alignment of standards, while reflecting UK-specific needs, and to use its global position to shape standards for big data and ESG disclosures. The report also details the importance of regulators being able to respond quickly and effectively to new fintech developments to accelerate the use of technology in sustainable finance. **Miles Celic, Chief Executive Officer, TheCityUK, said,** "The industry is fully committed to playing its part in tackling climate change and addressing other key sustainability issues. The intelligent application of technology will be an essential element to this. Firms are already using data and technology in new ways to monitor and measure both their own impact and that of their customers and clients. Given the increasing focus on this agenda, it is vital for government, regulators and industry to work in partnership to set a strong framework that will realise the benefits of sustainable digital finance.” **Simon Crown, Partner, Clifford Chance, said,** "Sustainable digital finance offers the opportunity to harness technology in driving forward sustainability goals. However, to achieve this, governments and regulators in the UK and globally need to set clear frameworks, with alignment between future policies in sustainability, financial technology and the provision of finance.” Source: TheCityUK [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/thecityuk-calls-for-boost-to-sustainable-digital-finance) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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