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Written Answers — Department for Education: Schools: Finance (6 Dec 2018)

Lord Agnew of Oulton: The table below shows the education services grants (ESG) allocated to local authorities in each financial year from 2013-2014 to 2016-2017: Education services grant allocated to local authorities in England Financial Year Allocation (£ millions) 2013-2014 799.46 2014-2015 717.12 2015-2016 563.10 2016-2017 496.94 The removal of the ESG as of September 2017 was...

Written Answers — Department for Work and Pensions: Workplace Pensions (11 Mar 2022)

Baroness Stedman-Scott: The department has introduced ESG-related legislation, including regulations aligned with the Taskforce on Climate-related Financial Disclosures (TCFD), requiring trustees to consider, assess and report on the financial risks of climate change within their portfolios. These measures go beyond merely reporting a climate policy and how it is implemented. They require trustees to put in place...

Written Answers — Treasury: Departmental Properties (15 Oct 2001)

Andrew Smith: Guidelines for the acquisition of properties can be found in the Estates Services Guide (ESG), which is published by the Office of Government Commerce (OGC). The ESG offers Government users on the Civil Estate good practice guidance on estate management, including the acquisition of office accommodation by leasing and other means. It does not provide advice on residential or agricultural...

Written Answers — Department for Education: Schools: Newham (30 Nov 2016)

Nick Gibb: As announced at the Spending Review, we plan to save £600m from the Education Services Grant (ESG) by phasing out the general funding rate from 2017-18. Local authorities will continue to receive ESG funding in 2016-17. They will also receive transitional ESG funding from April 2017 to August 2017 inclusive. We recognise that local authorities, including Newham Borough Council, will need...

Written Answers — Department for Education: Schools: Warrington (1 Dec 2016)

Nick Gibb: As announced at the Spending Review, we plan to save £600m from the Education Services Grant (ESG) by phasing out the general funding rate from 2017-18. Local authorities will continue to receive ESG funding in 2016-17. They will also receive transitional ESG funding from April 2017 to August 2017 inclusive. We recognise that local authorities, including Warrington Borough Council, will...

Written Answers — Foreign, Commonwealth and Development Office: British International Investment (25 May 2022)

Amanda Milling: ...content/uploads/2021/12/14074 359/Policy-on-Responsible-Investing.pdf Prior to making an investment, BII conducts a development impact assessment and undertakes environmental, social and governance (ESG) due diligence. These include consideration of the potential for positive environmental and social impacts and the identification of environmental and social risks that need to be...

Written Ministerial Statements — Education: School Funding (22 Jul 2014)

David Laws: I am today announcing the rates of the education services grant (ESG) in 2015-16. The Chancellor announced in June 2013 that the Government would reduce the ESG by around £200 million in 2015-16. These savings help the Government to protect front-line budgets including the dedicated schools grant and the pupil premium. We recognised in June 2013 that this reduction to ESG might require some...

Questions to the Mayor of London — SMEs in London (1): SMEs in London (1) (28 Sep 2022)

Tony Devenish: SME businesses often lack the resource and funding to prioritise making ESG investments. Rather than levy the ULEZ on individuals, wouldn’t you be better off focusing on the provision of free ESG consultancy and grant support for London’s circa 1 million SME businesses to assist them reaching their net zero ambitions?

Business: Greenwashing - Question (10 Jan 2023)

Lord Leigh of Hurley: Will my noble friend be able to give, now or later, an estimate of the cost of ESG reporting to British companies? The reason I ask is that an SEC commissioner recently stated that the cost to the 4,600 companies it regulates of providing ESG reporting is currently at $2 billion and expected to rise to $8 billion with the new regulations.

Investments: Environmental, Social and Governance Criteria - Question (2 Mar 2022)

Baroness Penn: The noble Baroness is absolutely right. That is why the UK is developing an economy-wide regime for ESG disclosure, focusing in the first instance on those requirements related to climate change. Alongside that, the FCA is creating a consumer-facing label, so that consumers seeking to invest in ESG products know what they are investing in and that it meets the high standards that they would...

Written Answers — Foreign, Commonwealth and Development Office: Mozambique: Gas Fired Power Stations (6 Apr 2022)

Amanda Milling: ...Globeleq is not a subsidiary of BII but an independent company with two shareholders (of which BII is the majority shareholder), a fully constituted board, an Environmental, Social and Governance (ESG) committee and investment committee which examine the risks of any investments, including from ESG perspectives. The Temane gas project is a project developed and invested in by Globeleq, and...

Written Answers — Department for Education: Schools (10 Dec 2015)

Sam Gyimah: Savings of £600 million will be made by reducing the Education Services Grant (ESG), including phasing out the additional funding that goes to schools and local authorities. We will be making a small efficiency saving (around £80 million) from the ESG in 2016-17, and will be setting out our proposals for savings from 2017-18 in the New Year. This will include consulting on the details of...

Business, Energy and Industrial Strategy: Renewable Energy: Carbon Budget (25 May 2021)

Alexander Stafford: ...in environmental, social and governance, as I chair the all-party parliamentary group on the matter. How will her Department ensure that the Government’s sixth carbon budget is delivered with ESG at its heart, and what are the plans for engagement with Government Departments and corporations to ensure that all targets set out in the carbon budget are viewed through an ESG lens?

Private Equity Takeovers - Question (21 Oct 2021)

Lord Fox: My Lords, I am sure that the Minister is aware of the acronym ESG, which stands for environmental and social governance—an important way of making sure that businesses behave properly. But there are different reporting standards for listed companies and private equity companies. Will he ensure that all companies trading in this country report on a level playing field? Will he undertake to...

Private Sector: Environment and COP 26 - Question (7 Jul 2021)

Lord Sarfraz: ...attention given to climate change in boardrooms is largely being driven by investor sentiment. Last year, over 100 new environmental, social and governance funds were launched in Europe alone. ESG funds happen to be performing exceptionally well, demonstrating that ethical investing is profitable investing. Can my noble friend send a clear message to ESG investors today that the Government...

Questions to the Mayor of London — Green washing in the finance sector: Green washing in the finance sector (24 Jan 2022)

Sadiq Khan: For London to remain a leading centre of green finance, we need to ensure that the growth in environmental, social and corporate governance (ESG) investment which we have seen in recent years is accompanied by rigorous standards to hit net zero and avoid ‘greenwashing’. The City of London is fully committed to this agenda and last year, a poll of global institutional investors showed that...

Written Answers — Department for Education: Education: West Midlands (11 Sep 2015)

Sam Gyimah: ...figures. The main revenue funding allocations from this department to local authorities are made up of the dedicated schools grant (DSG), pupil premium, and education services grant (ESG). Details of these allocations to all local authorities for financial years 2011 to 2016 (from 2013 only for ESG), including those in the West Midlands, can be found at the links below:...

Written Ministerial Statements — Education: Education Services Grant (27 Mar 2014)

David Laws: I am announcing today the launch of a public consultation on savings to the education services grant (ESG) for 2015-16. Local authorities are responsible for providing the schools they maintain with services to support education, such as school improvement and education welfare services. Academies are responsible for the provision of these services for their pupils. The ESG was introduced in...

Food Price Inflation - Commons Urgent Question (19 May 2022)

Lord Benyon: ...than food production, without at all impacting on the food we eat. However, the right reverend Prelate raises a very important point about the way that some of the trillions of dollars of so-called ESG money is being spent in certain areas. The Government are taking this very seriously, because the S in ESG matters; the social dimension of how this money is spent, in what is called green...

Written Ministerial Statements — House of Lords: Education Services Grant (27 Mar 2014)

Lord Nash: ...Friend Minister of State for Schools (David Laws MP) made the following announcement: I am announcing today the launch of a public consultation on savings to the Education Services Grant (ESG) for 2015-16. Local authorities are responsible for providing the schools they maintain with services to support education, such as: school improvement and education welfare services. Academies are...


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