Financial Services: Greenhouse Gas Emissions

(asked on 15th June 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with representatives of financial services companies on reducing global greenhouse gas emissions from projects and companies financed and underwritten by those companies in line with the goals of the Paris Agreement.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 21st June 2021

Input from stakeholders is a valuable part of the policy making process, ensuring government and the private sector can work together to effectively address challenges such as net zero and driving economic growth across the UK. HMT is keen to engage with industry on the Chancellor’s vision for the future of financial services, of which green finance is a key pillar. The Chancellor holds regular discussions with industry to discuss this. For example, recently the Prime Minister alongside the Chancellor and the Governor of the Bank of England hosted a virtual roundtable with financial services leaders in advance of the Chancellor’s annual Mansion House speech.

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