Question to the Department for Business and Trade:

To ask His Majesty's Government what plans they have to make environmental, social and governance (ESG) reporting mandatory by UK companies.

Reporting on ESG matters provides transparency to investors and other stakeholders, improving investment decisions. In particular, the Government supports the work of the International Sustainability Standards Board, which aims to align sustainability reporting globally, enabling investors compare investment decisions across markets.

The Government believes that a mix of voluntary and mandatory reporting provides the right balance between transparency and reducing burdens on companies. Further detail on the Government’s future plans is provided by Mobilising Green Investment - 2023 Green Finance Strategy.