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Written question asked by Baroness Hayman (Crossbench) on Tuesday, 13 February 2024, in the House of Lords. It was due for an answer on Tuesday, 27 February 2024. It was answered by Viscount Younger of Leckie (Conservative) on Tuesday, 20 February 2024 on behalf of the Department for Work and Pensions.

Financial Services: Environment Protection

Question

To ask His Majesty's Government, following the publication of the Financial Markets and Law Committee paper on Pension fund trustees and fiduciary duties on 6 February, when they propose to hold the roundtables with stakeholders promised in the 2023 Green Finance Strategy.

Answer

The Government welcomes the work of the Financial Markets Law Committee’s working group. Working with the Pensions Regulator, we will look closely at what insights we can draw from their report as we gather further evidence on how trustees are considering ESG factors in their approach to investment in the interests of their members.

This report is a useful resource for trustees, but we are keen to hear views from across the pension sector and wider stakeholders as to what further clarification, or guidance, if any, is needed. We plan to do this starting with a series of roundtable events this spring.

Secondary information

Type
Written question
Reference
HL2432
Session
2023-24
Grouped for answer
Yes
Subjects
Environment protection Financial services
Link
View this Written question on www.parliament.uk