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Written question asked by Lord Kennedy of Southwark (Labour) on Thursday, 7 July 2022, in the House of Lords. It was due for an answer on Thursday, 21 July 2022. It was answered by Lord Callanan (Conservative) on Thursday, 21 July 2022 on behalf of the Department for Business, Energy and Industrial Strategy.

Companies: Carbon Emissions

Question

To ask Her Majesty's Government what plans they have, if any, to encourage greater transparency among UK companies accused of exaggerating their environmental commitments, commonly termed as greenwashing, to prevent this from adversely impacting the Government’s Net Zero strategy.

Answer

Businesses have a vital role to play in helping us to meet our net zero target and are encouraged to join the UN-backed Race to Zero, with 7,552 already setting credible and robust targets and outlining plans to deliver on these targets.

‘Greening Finance: A Roadmap to Sustainable Investing’ sets out how the Government will ensure decision-useful information on sustainability is available to financial market decision-makers, helping to combat potential “greenwashing”. The UK is also requiring asset managers, regulated asset owners and listed companies to publish transition plans that consider the government’s net zero commitment or provide an explanation if they have not done so.

Secondary information

Type
Written question
Reference
HL1557
Session
2022-23
Subjects
Companies Carbon emissions
Link
View this Written question on www.parliament.uk