VerbatimParliament, as it happens

Pension Funds: Environment Protection

Asked by Clive LewisLabourDepartment for Work and PensionsTabled Answered 18 December 2024UIN 19718

The question

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 9 December 2024 to Question 17570 on Pension Funds: Environment Protection, if she will make an assessment of the potential merits of creating a legal obligation for UK-based pension schemes to divest from companies that are not compliant with the UK’s climate commitments.

Answered by Emma Reynolds

As set out in our answer of 9 December to Question 17570, in line with their fiduciary duty trustees of pension schemes have a responsibility to consider and review their approach to investment, stewardship and voting in light of the climate risks to their members. The Government has no current plans to change legislation.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim