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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the Financial Reporting Council's ability to work with other financial regulators in the UK to address the systematic financial risk of climate change.

Although the Financial Reporting Council’s remit does not extend to the systemic financial risks of climate change, I am confident of its ability to collaborate effectively with any financial regulators, as required, within whose remit such risks fall.