Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to require large investors and pension funds to publish net zero transition plans.

Transition plans are central to the UK’s ambition to be a global leader in sustainable finance, supporting clean energy growth and transparency in financial markets, including for large investors and pension funds. Credible transition planning helps allocate capital effectively and builds market confidence.

Earlier this year, the Government consulted on implementation options for transition plans, seeking views on how to take forward transition planning in a way that supports the market’s need for credible and decision-useful information, encourages action in line with the UK climate commitments, and drives economic growth. This consultation closed on 17 September. The Government is currently processing feedback and will publish its response in due course.