Did you mean esa?
Lord Benyon: ...much larger scale in other parts of the world. There are measures that should be taken through corporate governance to make sure that companies that are polluting are held responsible through clear ESG guidelines. That is a much wider and bigger debate, but I entirely understand the point he makes.
Alex Chalk: ...and flexible UK defence industry. That is why this Department helps to find and fund exploitable ideas from SMEs. To his point, however, there is nothing contradictory between the principles of ESG and the defence industry. On the contrary, strong national defence is the ultimate guarantor of the freedoms that all too often are taken for granted—human rights, democracy and the...
Lord Benyon: ....” We will also prevent “valuable soil resources from being sent to landfill” and secure “the integrity of future soil carbon codes” so that we can unlock the trillions of dollars of ESG money sloshing about in investment in the City and other investment centres to make sure that we are focusing it on our natural environment. Soil health will be fundamental to that. We want to...
Lord Benyon: ...wild west”, because you see all sorts of players offering farmers and land managers enormous sums of money, some of which is greenwash. We want to focus that, so we are working effectively to get ESG money and other funds invested in our natural environment through farmers and land managers in a meaningful way. As the noble Lord said, there are also tax concerns. We are in discussions...
Lord Reay: ...be provided by fossil fuels. Further gas and oil exploration in the North Sea, our backyard, should be encouraged. Unfortunately, it is coming under twin attack. First, due to the net-zero and ESG commitments of commercial banks and insurance companies, finance for new exploration projects has been withdrawn. Secondly, as a result of the imposition of windfall taxes, investment has been...
Lord Benyon: ...strategy, which is about to be refreshed in March to bring in all the different players, and different parts of government, to make sure that we are responding to the huge potential that lies in ESG money and other offsets that can benefit our landscapes. These are the most treasured landscapes in these islands, and we want to make sure that they are getting the lion’s share of this kind...
Lord Naseby: ...to this—on the issue of the green area, “The world’s financial system through engaging internationally has to facilitate international standards and global alignment, ensuring that the ESG taxonomies are interoperable”. That seems to me absolutely vital. So much for the congratulations. The other dimension that I noted the other day is the 30 Edinburgh reforms that the Chancellor...
Lord Howarth of Newport: ...fraudulent practices, and that the Government must work urgently with international partners to establish standardised accounting rules, an end to bogus carbon offsets, rigour in the definition of ESG, and reliable and clear information for investors and consumers?
Richard Fuller: The Chancellor was absolutely right in Edinburgh to include environmental, social and governance ratings agencies within the regulatory perimeter. But will he ensure that in the guidance, ESG objectives are consistent with the long-term actuarial goals of pension funds, to ensure that money is available in 20 or 30 years’ time, when people wish to retire?
Jeremy Hunt: ...sector to unlock the necessary private financing, the government:Will publish an updated Green Finance Strategy early 2023.Will consult in Q1 2023 on bringing Environmental, Social, and Governance (ESG) ratings providers into the regulatory perimeter. HM Treasury will also join the industry-led ESG Data and Ratings Code of Conduct Working Group, recently convened by the FCA, as an...
Wera Hobhouse: ...about fiduciary duties and environmental, social and governance factors. The Law Commission has set out a two-part test for trustees aimed at helping them to consider the impact of investments on ESG, but it does not go far enough in empowering trustees to embed these considerations in investment plans. The Government always defend their net zero strategy by placing responsibility on the...
Alexander Stafford: ...widely with stakeholders. What discussions have the Church Commissioners had with the Government, including the Treasury, about the UK’s green taxonomy and its implications for the Church’s ESG policy and investments?
Alexander Stafford: ...to her for giving me the opportunity to do my bit to push this cause. First of all, I declare an interest as chair of the all-party parliamentary group on environmental, social and governance, or ESG. Our group has been hard at work on this topic for the past 18 months, since I founded it. We have looked a lot at sustainable finance. I am particularly pleased to be able to speak today,...
Alexander Stafford: ...Irish businesses are placing environmental, social and governance considerations at the heart of their operations? Does he agree that cementing Northern Ireland’s place as a global leader in ESG will stimulate regional jobs and growth and will turbocharge investment in the Province and across the UK?
...Affairs, Phoenix, Emma Wall, Head of Investment Analysis, Hargreaves Lansdown, Bruce Duguid, Head of Stewardship, Equity Ownership Services, Federated Hermes, Gemma Corrigan, Head of Policy and ESG Integration, Federated Hermes Limited, Romi Savova, CEO, PensionBee, Laura Chappell, CEO, Brunel Pension Partnership, Mike Williams Holiday, CEO, Aegon UK, Alex Perry, CEO, BUPA Insurance, Paul...
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?
Lord Benyon: ...I emphasise the importance of the private sector here and the ability of private sector green finance to enhance farmers’ income by doing public goods. Getting some of the trillions of dollars of ESG money sloshing around into dealing with climate change and reversing declines in biodiversity is a very important part of what we are trying to do in promoting green finance spending that is...
Anthony Mangnall: ...of food abroad say about meat purchasing in the UK? Would Members think it acceptable if Tesco, Morrisons, Aldi, Lidl or Waitrose started importing lower quality meat that does not fulfil their ESG standards? That consumer choice already exists; the opportunity for us as members of the EFRA Committee or the International Trade Committee, or as constituency MPs, is to make the case and...
Lord Howell of Guildford: ...requires a multiplication by about seven or eight times of our existing clean power sector—that is, wind, solar and now of course nuclear, which is recognised by the European Union as part of the ESG group and therefore clean energy. That needs to be multiplied by six or seven times, including a vast increase in wind power and solar power, as well as in our nuclear power. That would...
Viscount Chandos: ...companies are important generators of jobs and, through their products and services, benefit both consumers and enterprises. Although the adoption of formal environmental, social and governance—ESG—policies by private equity managers is growing fast, with over 40% now having done so, even those venture and growth capital managers that have not yet done so are, through their focus on...
