Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the role of the financial sector, including the pension sector, in decarbonising the UK economy while safeguarding investors' interests.

The Government recognises crucial role of the financial sector in decarbonising the economy, whilst safeguarding investors.

As set out in The Green Finance Strategy in March 2023, the Department of Work and Pensions have committed to hold a series of stakeholder roundtables on this matter, planned for this Spring.

The Financial Reporting Council have also committed to undertake a fundamental review of the UK Stewardship Code 2020.