Baroness Wheatcroft
Main Page: Baroness Wheatcroft (Crossbench - Life peer)Biodiversity
Baroness Wheatcroft Excerpts(3 years, 7 months ago)
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Baroness Wheatcroft (CB) [V]
My Lords, I thank my noble friend Lady Boycott for securing this important debate and introducing it so eloquently. The Dasgupta Review makes eminently good sense, but I fear that, like so many well-intentioned reports, its very commissioning will be considered an end in itself. After a little debate it will be filed under the heading “too difficult”. Trying to persuade a country that it needs to change its attitude to what constitutes wealth is no easy task.
The issue of climate change has been one concerning environmentalists for decades. Only now, when there is no escaping the threat it poses, genuine action is being taken. For years it was embraced in name only by companies in search of enhanced image without undertaking any real change.
The broader biodiversity issue is destined for similar treatment. Take, for instance, the World Business Council for Sustainable Development. It sounds very worthy. More than 200 companies are proud to be members, but how committed are they to the ideas of genuine sustainability? Forgive my cynicism, but when the three worst companies on the offenders list compiled every year by Break Free From Plastic—Coca Cola, Pepsi and Nestlé, which have held those positions for the past three years—can proudly proclaim their membership of the World Business Council for Sustainable Development, it is hard to believe that change will come about without firm action from government.
We now insist that companies report on carbon emissions. If this report is to be effective, we have to find a way of forcing companies to report on their use of natural capital. It will not be easy, but will the Minister commit to trying to work with the Financial Reporting Council and its successor to find a way that this might be done?
The Deputy Chairman of Committees (Lord Faulkner of Worcester) (Lab)
The noble Lord, Lord Desai, has withdrawn from the debate, so I call the noble Lord, Lord Carrington.