Private Sector: Environment and COP 26 Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Sarfraz
Main Page: Lord Sarfraz (Conservative - Life peer)Department Debates - View all Lord Sarfraz's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 4 months ago)
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Lord Callanan (Con)
I am very happy to join my noble friend in recommitting to that. Sir Roger was an inspiring champion for using finance as a force for good in tackling climate change and improving the environment. All of us in government will remember his work.
Lord Sarfraz (Con)
My Lords, the increased attention given to climate change in boardrooms is largely being driven by investor sentiment. Last year, over 100 new environmental, social and governance funds were launched in Europe alone. ESG funds happen to be performing exceptionally well, demonstrating that ethical investing is profitable investing. Can my noble friend send a clear message to ESG investors today that the Government recognise their efforts, that they are welcome and that they will be supported?
Lord Callanan (Con)
I agree with the points made by my noble friend. The Government’s ambition is for the UK to be the best place in the world for green and sustainable investment. ESG funds are a crucial part of this. The Chancellor used his Mansion House speech on 1 July to announce a set of ambitious new policies to drive forward this important agenda.