Gov't Rejects Calls For Climate Investment Reporting Minister

By Martin Croucher (December 20, 2021, 3:37 PM GMT) -- The U.K. government has rejected calls by lawmakers to appoint a minister to help drive standards for the global financial industry on climate risk reporting.

In a cross-departmental statement in response to recommendations from the Work and Pensions Select Committee, the government said on Saturday that it does not agree that such a step is required.

The parliamentary committee called on the government in September to forge an international consensus on global reporting rules for financial businesses and funds. It said the appointment of a dedicated minister would help in "sharing internationally best practice on investment reporting. "

"The government does...

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