In a speech to mark Finance Day, Pensions Secretary of State Thérèse Coffey outlined the way that the UK is leading the world in mobilising billions of pounds of climate finance, particularly through pension funds, to help power the UK to net zero.

She urged world leaders to follow what she regards as the UK’s lead in the fight against climate change.

The Pensions Secretary also talked through the UK’s progress in the financial sector, during discussions with international counterparts, panel events and roundtables.

While in Glasgow, she took part in a Green Horizons panel discussion and met representatives of finance giants Blackrock, Legal and General, and Willis Towers Watson.

Ms Coffey said: “COP26 must be a defining moment for the world to get to grips with climate change.

“Our pensions can be a superpower that delivers prosperity for people and the planet in our race to net zero and by following our example, I sincerely hope others around the world can unlock a similar power and propel our world to net zero.”