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Companies: Climate Change

Question for Department for Business, Energy and Industrial Strategy

UIN 35717, tabled on 19 July 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to require large private and public companies to produce a scenario analysis on the impacts that climate change will have on their business model and strategy.

Answered on

22 July 2021

The UK Government recently published a consultation on mandatory climate-related financial disclosures by publicly quoted companies, large private companies and LLPs. This covered our proposals on scenario analysis. This consultation closed on 5 May. We are carefully considering all of the responses to the consultation, and will publish a response by the end of the year.

In November 2020, the Government announced its intention to make Task Force on Climate-Related Financial Disclosures-aligned disclosures mandatory across the economy by 2025, and our Roadmap towards mandatory climate related disclosures will help ensure that the right information on climate-related risks and opportunities is available across the investment chain.

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