Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to encourage major multinational companies to become more sustainable.

The Government continues to encourage and support UK businesses to set net zero commitments and deliver on them, including through the UN’s Race to Zero, reflected in the fact that 60 FTSE100 companies have signed up. This represents more than tripled a quadrupling in the 12 months up to COP26, as well as over £1.2 trillion in market capitalisation and over £700 billion in annual turnover. High-quality, independently verified net zero plans – not just pledges – are now becoming the norm due to the Race to Zero campaign.