Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking at (a) the G7, (b) the G20 and (c) other multilateral forums to promote (i) sustainable finance and (ii) climate-related investments.

The government is committed to leading the world in sustainable finance by making the UK a global hub for green and transition finance activity, and delivering a world-leading sustainable finance regulatory framework.

The 2023 Green Finance Strategy committed to develop a pilot model to track net zero investment within the UK. This research has now concluded, and Government is considering, alongside relevant stakeholders, how to build on this research and whether to repeat the exercise in future.

Internationally, the UK is proud to be actively involved in the G20 Finance track’s work on sustainable finance. Through that work, we have helped develop principles for climate transition plans for financial institutions. The Chancellor herself made interventions on climate and sustainable finance when visiting Rio for the G20 Finance Ministers and Central Bank Governors Meeting in July.