Oral Answers to Questions

Damien Moore Excerpts

Monday 30th November 2020 Commons Chamber

[Dr Coffey]

Of course, being in tier 3 has been put forward by the Government, and I am very conscious of the efforts that were being made right across Birmingham and other areas of the west midlands to get out of that tier. As regards matters such as statutory maternity pay, a lot of these things continue to be under consideration, but I will consider the points the hon. Gentleman has made.

[Damien Moore (Southport) (Con)]

Last week many of my Southport constituents warmly welcomed the creation of 250,000 green-collar jobs, but may I ask my right hon. Friend to outline what more her Department is doing to encourage environmentally sustainable investments by pension funds?

[Dr Coffey]

My hon. Friend rightly draws attention to this important point. As a result of actions by this Government the UK is the first major economy to put climate risk and disclosure into statute for pension schemes, leading the way on this issue, having already legislated for net zero by 2050 and introduced ESG—environment, social and governance—legislation through 2018 amendments to the occupational pension schemes investment regulations. I genuinely look forward to when we manage to complete the Pension Schemes Bill to bring all that into effect.