Input from stakeholders is a valuable part of the policy making process, ensuring government and the private sector can work together to effectively address challenges such as net zero and driving economic growth across the UK. HMT is keen to engage with industry on the Chancellor\u2019s vision for the future of financial services, of which green finance is a key pillar. The Chancellor holds regular discussions with industry to discuss this. For example, recently the Prime Minister alongside the Chancellor and the Governor of the Bank of England hosted a virtual roundtable with financial services leaders in advance of the Chancellor\u2019s annual Mansion House speech.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-06-21", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "16176"} , {"_value" : "16177"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-06-21T12:16:07.47Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-06-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Carbon Emissions"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what recent discussions he has had with representatives of (a) insurers in the Lloyd\u2019s of London market and (b) other insurers on aligning their business objectives with the UK\u2019s net-zero greenhouse gas emissions target in the Climate Change Act 2008.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4520", "label" : {"_value" : "Biography information for Matthew Pennycook"} } , "tablingMemberConstituency" : {"_value" : "Greenwich and Woolwich"} , "tablingMemberPrinted" : [{"_value" : "Matthew Pennycook"} ], "uin" : "16175"} , {"_about" : "http://data.parliament.uk/resources/1336728", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1336728/answer", "answerText" : {"_value" : "
Input from stakeholders is a valuable part of the policy making process, ensuring government and the private sector can work together to effectively address challenges such as net zero and driving economic growth across the UK. HMT is keen to engage with industry on the Chancellor\u2019s vision for the future of financial services, of which green finance is a key pillar. The Chancellor holds regular discussions with industry to discuss this. For example, recently the Prime Minister alongside the Chancellor and the Governor of the Bank of England hosted a virtual roundtable with financial services leaders in advance of the Chancellor\u2019s annual Mansion House speech.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-06-21", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "16175"} , {"_value" : "16177"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-06-21T12:16:07.523Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-06-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Fossil Fuels: Insurance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what discussions he has had with representatives of (a) insurers in the Lloyd\u2019s of London market and (b) other insurers on insuring fossil fuel projects in the UK and overseas that do not support the goals of the Paris Agreement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4520", "label" : {"_value" : "Biography information for Matthew Pennycook"} } , "tablingMemberConstituency" : {"_value" : "Greenwich and Woolwich"} , "tablingMemberPrinted" : [{"_value" : "Matthew Pennycook"} ], "uin" : "16176"} , {"_about" : "http://data.parliament.uk/resources/1336729", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1336729/answer", "answerText" : {"_value" : "
Input from stakeholders is a valuable part of the policy making process, ensuring government and the private sector can work together to effectively address challenges such as net zero and driving economic growth across the UK. HMT is keen to engage with industry on the Chancellor\u2019s vision for the future of financial services, of which green finance is a key pillar. The Chancellor holds regular discussions with industry to discuss this. For example, recently the Prime Minister alongside the Chancellor and the Governor of the Bank of England hosted a virtual roundtable with financial services leaders in advance of the Chancellor\u2019s annual Mansion House speech.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-06-21", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "16175"} , {"_value" : "16176"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-06-21T12:16:07.57Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-06-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Greenhouse Gas Emissions"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what discussions he has had with representatives of financial services companies on reducing global greenhouse gas emissions from projects and companies financed and underwritten by those companies in line with the goals of the Paris Agreement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4520", "label" : {"_value" : "Biography information for Matthew Pennycook"} } , "tablingMemberConstituency" : {"_value" : "Greenwich and Woolwich"} , "tablingMemberPrinted" : [{"_value" : "Matthew Pennycook"} ], "uin" : "16177"} , {"_about" : "http://data.parliament.uk/resources/1327855", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1327855/answer", "answerText" : {"_value" : "
The UK follows the agreed international approach for estimating and reporting greenhouse gas emissions under the UN Framework Convention on Climate Change (UNFCCC), which is for countries to report emissions produced within their territories. All UK domestic and international GHG emissions reductions targets, including our Net Zero commitment, are based on these territorial emissions.<\/p>
<\/p>
The UK was the first major economy to commit to Net Zero by 2050, and to achieve that ambition, we want to ensure that every financial decision takes climate change into account. This will require a drastic increase in the quantity, quality and comparability of climate-related disclosures.<\/p>
<\/p>
That is why, in November 2020, the Chancellor announced the UK\u2019s intention to make disclosures in line with the recommendations of the Task Force for Climate-related Financial Disclosures mandatory in the UK across the economy, including the financial services sector, by 2025. This commitment is world-leading and significant progress towards achieving our ambition, including new requirements for premium-listed firms to disclose their Greenhouse Gas emissions, has already been made.<\/p>
<\/p>
We have also committed to implementing a green taxonomy that will establish a common definition for\u202f\u2019sustainable economic activities\u2019 and improve understanding around the impact of firms\u2019 activities and investments on the environment.<\/p>
<\/p>
Together, these measures will ensure that firms across the whole economy are disclosing robust and comparable climate and sustainability-related information that is decision-useful for investors. This will help close the sustainability data gap, as well as preventing greenwashing and supporting the greening of the UK economy.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2021-05-28", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2021-05-28T09:52:36.797Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2021-05-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Greenhouse Gas Emissions"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what estimate his Department has made of the global emissions footprint of the UK financial sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4520", "label" : {"_value" : "Biography information for Matthew Pennycook"} } , "tablingMemberConstituency" : {"_value" : "Greenwich and Woolwich"} , "tablingMemberPrinted" : [{"_value" : "Matthew Pennycook"} ], "uin" : "7234"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 4, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }