Business of the House

Barry Gardiner Excerpts

Thursday 10th March 2016 Commons Chamber

[Chris Grayling]

My hon. Friend tempts me, but he must bear in mind that the Government’s formal position is to recommend that Britain stays in the European Union. We will, of course, have lively debates in the House and the country about what should happen, and in June the British people will decide.

[Barry Gardiner (Brent North) (Lab)]

The Leader of the House will be aware that, three days ago, the Institutional Investors Group on Climate Change, which represents £13 trillion of assets under management, wrote to the Chancellor to press for regulation to ensure mandatory corporate disclosure of climate risks. May we have a debate in Government time on the mandatory reporting of climate risks, so that there is transparency about the financial health of our corporate sector, and so that the confidence of such an enormous body of investment funds can be increased?

[Chris Grayling]

The hon. Gentleman is another person for us to wish a happy birthday. This country is at the leading edge of combating climate change, and we have adopted targets that stand comparison with any in the world. However, there is a point at which simply putting additional reporting requirements endlessly on to business leads to us having fewer jobs in the country, rather than more, and that is not something I support.