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.
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.