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1679771
registered interest false more like this
date less than 2024-01-05more like thismore than 2024-01-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Banks: Livestock Industry more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he is taking steps to prevent banks from providing (a) financial and (b) investment support to industrial livestock companies that contribute to deforestation. more like this
tabling member constituency Clacton remove filter
tabling member printed
Giles Watling more like this
uin 8174 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2024-01-15more like thismore than 2024-01-15
answer text <p>The Government is committed to working with UK financial institutions to further tackle deforestation-linked finance. As we set out in the updated Green Finance Strategy, we have begun this work with Government-convened roundtables having commenced in Summer 2023.</p><p> </p><p>The global approach on disclosure standards, such as the International Sustainability Standards Board (ISSB) or the Taskforce on Nature-related Financial Disclosures (TNFD) is a vital condition for success in improving nature-related disclosure.</p><p> </p><p>Following the making of the first relevant regulations under paragraph 1 of Schedule 17 of the Environment Act and as set out in the Financial Services and Markets Act 2023, HM Treasury will conduct a review to assess the extent to which regulation of the UK financial system is adequate for the purpose of eliminating the financing of illegal deforestation, and to consider what, if any, changes to the regulatory framework may be appropriate.</p> more like this
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2024-01-15T14:23:52.09Zmore like thismore than 2024-01-15T14:23:52.09Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
4677
label Biography information for Giles Watling more like this