Written question asked by John Glen (Conservative) on Tuesday, 1 April 2025, in the House of Commons. It was due for an answer on Thursday, 3 April 2025. It was answered by Emma Reynolds (Labour) on Wednesday, 9 April 2025 on behalf of the Treasury.
Environment Protection: Finance
- Question
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To ask the Chancellor of the Exchequer, pursuant to the Answer of 4 March 202, to Question 33375 on Environment Protection: Finance, whether (a) UK Paris-aligned Benchmarks and (b) UK Climate Transition Benchmarks require investment in firms which support the renewal of Trident nuclear deterrent to be excluded.
- Answer
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The UK Benchmarks Regulation sets out the requirements for UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks. The Financial Conduct Authority (FCA) monitor and supervise benchmark administrators according to the Benchmarks Regulation to ensure that benchmarks are produced robustly and with due transparency. The FCA published a statement regarding their position on sustainability regulations and UK defence investment on 11 March 2025.
It is for benchmark administrators to decide if they wish to provide UK Climate Transition Benchmarks and UK Paris-aligned benchmarks under the Benchmarks Regulation, including by paying due regard to the relevant FCA guidance, and which companies to include in their benchmarks. It is then up to firms and investors to choose whether to use these benchmarks.
This Government does not see a conflict between sustainable investment and investment in our world-leading defence sector.
Secondary information
- Type
- Written question
- Reference
- 43043
- Session
- 2024-26
- Related items
- Grouped for answer
- Yes
- Subjects
- Defence Finance Environment protection Technology
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-03-03 12:38:15 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/43043
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