Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, pursuant to the Answer of 21 March 2024 to Question 19159 on Overseas Investment: Fossil Fuels, if he will publish a full energy portfolio for British International Investment setting out investments in (a) fossil fuels and (b) renewable energy in (i) 2021, (ii) 2022 and (iii) 2023.

BII already discloses the percentage of assets in its portfolio that can be considered climate finance and 'carbon-related' (i.e. in the fossil fuel value chain) as part of its annual Task Force on Climate related Financial Disclosures (TCFD) reporting in its Annual Accounts (published on BII's website), in line with TCFD recommendations.

The UK's Development White Paper set the ambition for BII to become the most transparent bilateral Development Finance Institution. Subsequently, BII has published a Transparency Roadmap. For its existing portfolio, the Roadmap commits BII to state whether an investment is fossil fuel or renewable energy power generation. This will be available on its public investment database by the end of the year.