VoteClimate: Pension Schemes - 2nd May 2024

Pension Schemes - 2nd May 2024

Here are the climate-related sections of speeches by MPs during the Commons debate Pension Schemes.

Full text: https://hansard.parliament.uk/Commons/2024-05-02/debates/A62B8F04-30B1-4317-8035-893203EF6AAD/PensionSchemes

14:19 Dr Thérèse Coffey (Suffolk Coastal) (Con)

Pensions are a superpower for the prosperity of people and the planet. I was pleased when we introduced the regulations on disclosure of alignment to the Paris agreement. I would like to go further and encourage the Secretary of State to bring forward similar regulations to apply to nature. Work has already started—the Task Force on Climate-related Financial Disclosures made it happen for carbon. I think we were the first in the world to do that, by the way. We can do the same for nature. The Taskforce for Nature-related Financial Disclosures is a good comparison. The International Sustainability Standards Board is looking at that, and we are close to getting that outcome. I appreciate that the Minister may not have considered that recently and he may not be able to respond, but I encourage him to do that. We only have a certain amount of time, although I hope that as science allows us to live longer, we will claim our pensions for longer, so we want to ensure a prosperous future.

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