Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what discussions his Department has had with the (a) Department for Business and Trade and (b) Treasury on the potential merits of mandating UK-regulated (a) financial institutions, (b) banks, (c) asset managers, (d) pension funds, (e) insurers and (f) FTSE 100 companies to (i) publish their carbon footprint and (ii) develop and implement credible transition plans.

Large UK-registered companies are already required to disclose their scope 1, scope 2 and elements of scope 3 carbon emissions under the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.

The Government has committed to delivering the foundations of a world-leading sustainable finance framework to drive investment in the green transition and deliver economic growth. The Department for Energy Security and Net Zero has worked closely with the Department for Business and Trade and HM Treasury on how best to take forward transition plan and emissions reporting requirements and will consult with stakeholders on these topics in due course.