Business and Investment: Carbon Emissions and Sustainable Development
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help encourage (a) large companies and (b) investment funds to adopt sustainable net zero practices.
Answered by Sarah Jones
Under current rules, certain large companies and investment funds are required to disclose information about the ways they are responding to the risks posed by climate change and seizing the economic opportunities that it presents.
Going forward, the Government is considering whether to require companies to report comparable information in line with international corporate sustainability reporting standards. In addition, the Government's manifesto committed to mandate listed companies and financial institutions to develop and implement credible transition plans that align with the 1.5°C goal of the Paris Agreement. The Government will consult on how to take this forward later this year.
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