(2 years, 11 months ago)
Lords ChamberMy Lords, as someone who worked in the private sector, I think it is important that companies look at the responsibility of their own actions. I am sure they will take note of the decision not just of the UK but of other countries to announce that diplomatic boycott.
My Lords, these findings clearly have major implications for businesses’ ESG policies. When do the Government plan to follow the lead of the US and produce an investment ban list of firms known to be exercising or participating in the worst human rights abuses?
My Lords, presenting specific lists is always a challenge, though I hear what my noble friend has said. Certainly, the announcement of my right honourable friend the Secretary of State for International Trade reflects our continued concern in looking at this very carefully and systematically. Equally, I feel that companies, as I just said to my noble friend Lord Hayward, need to reflect on their actions and the business they are conducting.