Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to ensure that transition plan requirements are proportionate and flexible for small and medium-sized enterprises.

The government is clear that it wants any future requirements to be proportionate and that the focus will be on economically significant entities where there is likely a significant investor and public interest. As a result, small to medium-sized companies are not envisaged as being within the scope of any future requirements set by the government. The FCA has independent decision-making powers for companies in scope of any future transition plan requirements they set.