Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government is planning to require mandatory environmental reporting by UK financial institutions in line with the framework developed by the Task Force on Climate-related Financial Disclosures; and if he will make a statement.

The Government has endorsed the recommendations of the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures and encouraged all publicly-listed companies to implement them.

We sought views on companies’ ability to apply these recommendations with consistency through the work of the Green Finance Taskforce and the Streamlined Energy and Carbon Reporting Consultation. The Green Finance Taskforce published its report in March and we will respond in due course.