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<p>The Companies, Partnerships and Groups (Accounts and Non-Financial Reporting) Regulations
2016 require banks to disclose the impact of their activities on social and environmental
matters.</p><p> </p><p>In addition, the Government launched in July its Green Finance
Strategy with the ambition to align private sector financial flows with clean, environmentally
sustainable and resilient growth. In the Strategy, the Government set an expectation
that all listed companies and large asset owners, including banks, will make disclosures
in line with the recommendations of the Taskforce on Climate-Related Financial Disclosures
by 2022.</p><p> </p>
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