Oral Answers to Questions

Philip Dunne Excerpts

Tuesday 11th September 2018 Commons Chamber

[John Glen]

We are very interested in that area and have published a response to the call for evidence. I am sure that the Chancellor will have heard the hon. Gentleman’s representations.

[Mr Philip Dunne (Ludlow) (Con)]

21. Will the Minister respond positively to the report of the Environmental Audit Committee on green finance, particularly by encouraging investment institutions such as pension funds to consider the long-term risks that climate change may pose to their investee companies?

[John Glen]

Absolutely. Only two hours ago, the Department for Work and Pensions published its consultation response on pension trustees’ duties, which clearly sets out the Government’s intention to raise the profile of financially material climate change factors in investment decisions.