Question to the Department for Business and Trade:

To ask His Majesty's Government whether they have any plans to introduce legislation to hold businesses accountable for their publicised environmental policies.

The Green Finance Strategy (March 2023) set out the Government’s ambition for the UK to become the world's first Net Zero-aligned Financial Centre. We committed to consult on requirements for the UK’s largest companies to disclose their climate transition plans.

The International Sustainability Disclosure Standards, being developed by the International Sustainability Standards Board, also include requirements for companies to disclose progress against their transition plans. We will introduce reporting against these standards in the UK, subject to an assessment and endorsement process.

These measures will support investors and other stakeholders in holding companies to account for their commitments.