Companies: Climate Change

(asked on 19th July 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to require large private and public companies to produce a scenario analysis on the impacts that climate change will have on their business model and strategy.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 22nd July 2021

The UK Government recently published a consultation on mandatory climate-related financial disclosures by publicly quoted companies, large private companies and LLPs. This covered our proposals on scenario analysis. This consultation closed on 5 May. We are carefully considering all of the responses to the consultation, and will publish a response by the end of the year.

In November 2020, the Government announced its intention to make Task Force on Climate-Related Financial Disclosures-aligned disclosures mandatory across the economy by 2025, and our Roadmap towards mandatory climate related disclosures will help ensure that the right information on climate-related risks and opportunities is available across the investment chain.

Reticulating Splines