Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to ensure that climate-related disclosures by all listed companies align with the proposals in the 2019 Green Finance Strategy which states that the Government expects all listed companies to make climate-related disclosures in line with Task-force on Climate-related Financial Disclosures recommendations by 2022.
The Government formally endorsed the TCFD recommendations in September 2017. We welcome the progress being made implementing the recommendations on a voluntary basis. The Government expects all listed companies and large asset owners to be disclosing in line with the TCFD recommendations by 2022.
In line with the Green Finance Strategy, the Government has established a joint Taskforce with UK regulators, chaired by HM Treasury, to ensure a co-ordinated approach on climate-related financial issues.